General Mills (NYSE: GIS) declared a quarterly dividend of $0.46 per share, or $1.84 annualized. This is a 4.5% increase from the prior dividend of $0.44.
The dividend will be payable on May 2, 2016, to stockholders of record on April 11, 2016, with an ex-dividend date of April 7, 2016. As a result, the forward YOC of my position in GIS has improved to 3.8% from 3.6%.
These days I am not interested in adding new positions. From my past experience, I think that I should wait until a next selling climax comes out. I am sure that it will come at least one more within this year.
Disclosure: Long GIS