General Mills (NYSE: GIS) declared a quarterly dividend of $0.48 per share, or $1.92 annualized.The dividend will be payable on August 1, 2016, to stockholders of record on July 11, 2016, with an ex-dividend date of July 7, 2016. This dividend hike by GIS is for the second quarter in a row. The forward yield-on-cost of my position in GIS has improved from 3.8% to 3.9%. I should have dobled down in GIS.
Disclosure: Long GIS