General Mills hikes its quarterly dividend amid a reinvention as it adapts to a rapidly changing US food consumer. The Minnesota company behind such brands as Hamburger Helper, Bisquick and canned vegetables has seen sluggish sales as food shoppers increasingly choose fresh, natural and organic produce. Analysts have cheered the company for striving adjust to the changes. It has been painful, however. 1300 people have lost their jobs at General Mills over the past 30 months. The 7% dividend hike will be paid May 1st for shareholders. Shares rose 8/10th of a percent on moderate volume in Tuesday’s trade.
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