General Mills Down After Q4 Report

Filed under: Earnings Reports, Kellogg Co (K), General Mills (GIS)

General Mills (GIS), a business in constant battle with fellow cereal concern Kellogg (K), saw some weakness Wednesday following its fourth-quarter release, which was posted Tuesday after the bell. But should a long-term investor care? No. It isn't a big deal.



The stock has been relatively decent over the last twelve months. Shares are currently closer to the 52-week high of $38.98 than they are to the 52-week low of $27.64. Here's something else that might put today's slide into perspective: a couple days ago, management announced a 17% increase in the dividend; the new quarterly payment has been set at 28 cents per share. At the time of this writing, the company had a bid of $35.65. Such a price bestows upon the equity a yield of better than 3%.

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General Mills Down After Q4 Report originally appeared on BloggingStocks on Wed, 30 Jun 2010 16:10:00 EST. Please see our terms for use of feeds.

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