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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (13464)	12/17/2012 12:38:07 PM
From: chowder	Read Replies (1) of 34328

Triff, GIS did NOT raise the dividend. They declared the dividend at the prevailing rate. That 8.2% increase was back in June. I hate how these news releases make it look like an increase when all they are talking about is the fiscal year increase at the same time they declare at the prevailing rate. I don't know, but this is the latest news release on their web site: MINNEAPOLIS--(BUSINESS WIRE)--Dec. 11, 2012-- The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $.33 per share, payable Feb. 1, 2013, to shareholders of record Jan. 10, 2013. The current annualized dividend rate of $1.32 per share is an 8 percent increase over dividends of$1.22 per share paid in fiscal 2012. General Mills (NYSE:GIS) and its predecessor firm have now paid dividends without reduction or interruption for 114 years. http://phx.corporate-ir.net/phoenix.zhtml?c=74271&p=irol-newsArticle&ID=1766348&highlight= Boy, I was pretty excited there for a moment. I was going to add to my position if that was going to be the second 8% increase this year. ... Ha!

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