Benzinga | Jan 4, 2022 10:56AM EST

Thursday Is Your Last Chance To Buy General Mills Before The Dividend Payout

Thursday marks the last chance for investors to receive the next dividend payout from General Mills.

What's Happening

(NYSE:GIS) announced on Monday that it would pay shareholders a quarterly dividend of $0.51 per share. On Friday, General Mills will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.51 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date--in this case, Friday. Shareholders who own GIS as of the end of Thursday's session are eligible to receive the $0.51 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 01, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To read more news on General Mills click here

Click here to visit our Dividends Calendar.