By Colin Kellaher
General Mills Inc. on Wednesday said its board raised the quarterly dividend by 4.1%, to 51 cents, from 49 cents.
The new payout, equal to $2.04 a year, represents an annual yield of about 3.52% based on Tuesday's closing price of $57.99, up from about 3.38%.
The Minneapolis-based maker of Cheerios cereal and Yoplait yogurt said the increased dividend is payable Nov. 2 to shareholders of record Oct. 9.
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