General Mills: Dividend Insights
Portfolio Pulse from Benzinga Insights
General Mills (NYSE:GIS) has announced a quarterly dividend of 59 cents per share, payable on November 01, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 59 cents lower. Shareholders owning GIS as of the end of Friday's session are eligible for the dividend.
October 04, 2023 | 2:45 pm
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General Mills' announcement of a 59 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard process and does not indicate a problem with the company's performance. However, it can lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100