Dividend Increases for Wednesday June 29, 2011

June 29, 2011 quarrybaycap cash flow, cash flow dividends, dividends, stock 2

upward pointing arrowDividend Increases for Wednesday June 29, 2011

General Mills (ticker: GIS) raised their dividend today from $.28/quarter to $.305/quarter, which equates to an increase of almost 9%. The annual payout is $1.20/share – based on today’s closing price of $37.38 this brings General Mills’ dividend yield to 3.26%.

This is good news for the DDI porfolio which already holds a position of 20 shares. The next dividend payment date for General Mills will be on August 1. Because General Mills has shown a trend of increasing dividends and a yield above 3% it will be included for consideration as I redeploy the free cash flow from the portfolio as June comes to a close.

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