MINNEAPOLIS, Sept. 27, 2016 /PRNewswire/ -- The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.48 per share, payable November 1, 2016, to shareholders of record as of October 10, 2016. General Mills (NYSE: GIS) current annualized dividend rate of $1.92 per share represents an increase of 8 percent over the annual dividend of $1.78 paid in fiscal 2016.
In actions at the company's 88th annual meeting held today in Minneapolis, shareholders elected the 13 directors nominated, approved the compensation plan for non-employee directors, cast an advisory vote approving the company's compensation for its named executive officers, and ratified the appointment of KPMG LLP as the company's independent auditor for fiscal 2017.
General Mills is a leading global food company that serves the world by making food people love. Its brands include Cheerios, Annie's, Yoplait, Nature Valley, Fiber One, Haagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills had fiscal 2016 worldwide sales of US $17.6 billion, including the company's US $1.0 billion proportionate share of joint-venture net sales.
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SOURCE General Mills