General Mills's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
General Mills (NYSE:GIS) has announced that shareholders owning the stock by the end of Monday's session will be eligible for a quarterly dividend payout of 59 cents per share. The ex-dividend date is Tuesday, and the stock is expected to trade lower by the dividend amount. The dividend will be paid on February 01, 2024.
January 04, 2024 | 2:46 pm
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General Mills will pay a quarterly dividend of 59 cents per share, with the ex-dividend date set for Tuesday. The stock is expected to open lower by the dividend amount on that day.
The stock price of General Mills is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is significant for dividend investors and those tracking the stock's price movements.
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