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| Ex-Dividend Reminder: General Mills, McCormick and Darden RestaurantsBy Dividend Channel Staff, Wednesday, July 5, 10:20 AM ET
On 7/7/23, General Mills Inc (NYSE:GIS), McCormick & Co Inc (NYSE:MKC), and Darden Restaurants, Inc. (NYSE:DRI) will all trade ex-dividend for their respective upcoming dividends. General Mills Inc will pay its quarterly dividend of $0.59 on 8/1/23, McCormick & Co Inc will pay its quarterly dividend of $0.39 on 7/24/23, and Darden Restaurants, Inc. will pay its quarterly dividend of $1.31 on 8/1/23. As a percentage of GIS's recent stock price of $76.91, this dividend works out to approximately 0.77%, so look for shares of General Mills Inc to trade 0.77% lower — all else being equal — when GIS shares open for trading on 7/7/23. Similarly, investors should look for MKC to open 0.44% lower in price and for DRI to open 0.79% lower, all else being equal. Below are dividend history charts for GIS, MKC, and DRI, showing historical dividends prior to the most recent ones declared. General Mills Inc (NYSE:GIS): McCormick & Co Inc (NYSE:MKC): Darden Restaurants, Inc. (NYSE:DRI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.07% for General Mills Inc, 1.78% for McCormick & Co Inc, and 3.14% for Darden Restaurants, Inc.. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, General Mills Inc shares are currently off about 0.3%, McCormick & Co Inc shares are off about 0.3%, and Darden Restaurants, Inc. shares are off about 0.5% on the day.
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