General Mills' annual dividend has risen by 10% the company revealed today (23 June) after it increased its fourth-quarter payout to $0.43.

The new annualised rate is $1.72 per share, up from $1.52 last year.

Last week, General Mills predicted that its full-year results will exceed targeted levels thanks to a strong fourth-quarter performance.

The company will deliver its full-year earnings this Wednesday.