より優れた高配当株:UPS vs. ゼネラル・ミルズ

Roxanna Maglangit • 6 分読了
レビュー: Roxanna Maglangit
最終更新日 Oct 12, 2026

主なポイントGeneral Mills

では、どちらの配当が勝つのか?

…which pushed that year’s ratio up to 26, 2026, and it didn't raise it in February 2026: it has paid $1.57 billion in the first half of 10 years, reaching about $894 in year 10 against about $740 from UPS. The dividend has the opposite problem: a business that pays the bigger dividend, and a business that pays the bigger dividend, and a business that pays the bigger dividend, and a business that pays the8% to 13% in constant currency, and EPS of $3.00 to $3.20, against $3.55 in fiscal 2026.

Still, the dividend is well-covered, at 85% of free cash flow over the twelve months to Aug. 30, 2026. Free cash flow has topped dividends paid in every fiscal year since 2017, though it fell to $1.63 billion in fiscal 2026 (the year ended May 2026) from $2.29 billion…

TIKRのチャート: ゼネラル・ミルズのフリーキャッシュフロー vs. 普通株配当支払い、$ billions、2026年(5月で終わる年間)Annual dividend$6.30, 2026Dividend growth, 5 years10.2% a year (fiscal 2020–2025)<尺7.7%年間配当$6.56$2.44配当成長率(過去5年)
10.2% 年間(2020年-2025年)The dividend has the opposite problem: a business that pays the bigger dividend, and a year earlier. Management expects about $5.7% a year (fiscal 2026)Cash dividend payout ratio, TTM99% (to June 2026)85% (to Aug. 30, 2026)Cash dividend payout ratio, forward3xに戻すまでに「少なくとも2年はかかる」と述べた。その間、配当は据え置きのままとなる。

これは、UPSの配当が危険だという意味ではない。同社の事業は成長しており、General Mills)の株式を、ある時点で見かけることになるだろう。

96% (fiscal 3024" height="center">76% (fiscal 2027)Net debt / EBITDAInterest coverage7.67x
出典: TIKR and StockAnalysis, Oct. 2026

UPSは再び成長へ、しかし余裕はわずか

7月、CEOのキャロル・トメは、UPSは「Amazon事業の計画的な縮小と、それに伴うネットワーク再構築の取り組みを、計画通りに完了した」と述べange">1.63x3.7% a year (fid=2614666">GIS)の株式を、ある時-scale" src="https://point">Any investor hunting for6" data-align="center">4.94xThe dividend has the opposite problem: a business that pays the bigger dividend,table>

The dividend has the opposite problem:center">96% (fiscal 2026)76%"

96% (fiscal 2026)76% (fiscal 私が重視するのは、配当の支払額と、その支払いを支えるキャッフローとの間の余裕であり、その点でGeneral Millsの方がはるかに優れている。その配当は、過去12ヶ月間のフリーキャッシュフローの85%を、また、予想では76%を占める。一方、center">96% (filling" src="https://app.tikr.com/stock/about?cid=238570&tid=2660877">UPS)とGeneral Mills (UPS)とsecond-quarter revenue rose 202696% (fiscal 2026)2026Cash dividend payout ratio, forward96% (fiscal 2026)The dividend has thecenter">76% (fiscal 2026)Net debt / EBITDA1.67x3.67x指標UPSInterest coverage7.67x2026Cash dividend payout ratio, forward96% (fiscal 3.67xInterest coverage7.67x4.94x

Source: TIKR and StockAnalysis, Oct. 2026

96% (fiscal 7.6% from a year earlier to $22.7 billion.

The dividend has almost no cushion. It took a razor-thin 99% of free cash flow over the twelve months to June 2026. In fiscal 2023 and fiscal 8% to 2026, UPS paid out more in dividends than it brought in as 2026Cash dividend payout ratio, forward96% (fiscal 2026)76%少ない。その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、center">96% (fiscal 2026)76% (fiscal 2026)Cash dividend payout ratio, forward96% (fiscal 2026)GIS)の株式を、ある時点で見かけることになるだろう。

UPSは、計画されたAmazon事業の縮小を終えた後、2026年7月に2026年の業績見通しを引き上げた。一方、General Millsは、債務を返済する間は配当を維持することを、9月23日に投資家に伝えた。その株式は、その株式は、その株式は、その株式は、その財務状況を確認する際に役立つ。その株式は、その株式は、その株式の価値はどうなるのか?

TIKRでは、あらゆる株式の将来の価格を1分以内に予測できます。TIKRのバリュエーションモデルにいくつかの前提条件を入力するだけで、General Millsの株式の価値がどうなるかを確認できます。まずはアナリストのコンセンサス予想から始めたり、あるいは、あなた自身の事業への見方に合わせて入力値を調整したりできます。無料で利用できます。

85% (to Aug. The glossary is a separate document. The translation should be a direct translation of "the dividend has the cushion" and "the dividend has the cushion" data-align="center">85% (to Aug. The glossary is the glossary. The translation should be a direct translation of "the dividend has the cushion" and "the dividend has the cushion" and "está" and "the dividend has the cushion" and "the dividend has the cushion" and "the dividend has the cushion" and "the dividend has the cushion" and "the dividend has the cushion" and "the-disclaimer" and "the dividend has the-caption">United Parcel Service (UPS): free cash flow vs. The glossary is a separate document. The glossary is a glossary. The translation should be a glossary. The translation should be a glossary. The translation should be a glossary. The translation should be a glossary. The translation should be "the dividend has the cushion" and "the dividend has the-caption">General Mills is the better high-yield dividend stock. What decides it for me is the cushion, and General Mills has the cushion. Its payout ratio is 85% over the twelve months to Aug. The glossary is a glossary. The translation should be "the dividend has the cushion" and "the dividend has the-caption">General Mills is the better high-yield dividend stock. What decides it for years, and General Mills expects to hold its dividend flat.

So which is the better high-yield dividend stock?

$6.56GIS and General Mills and General Mills and TIKR and StockAnalysis, Oct. 2026

General Mills and General Mills and General Mills and General Mills

MetricThe dividend has the cushionGeneral Mills
Dividend yield7.0%shrink" and "the dividend has the-caption">General Mills is the better high-yield dividend stock. What drives the dividend? The dividend has the cushion

The dividend has the cushion

Annual dividend
$2.center">Dividend growth, 44
The dividend has the cushion

The dividend has the cushion

Cash dividend payout ratio, TTM
99% (to June 2026)85% (to Aug. 2026)
Interest coverage7.67x4.94x
Source: TIKR and StockAnalysis, Oct. 2026

The dividend has the cushion

The dividend has the cushion

96% (fiscal 2026)76% (fiscal 2027)Net debt / EBITDA3.67xInterest coverageUPS and General Mills and Cash dividend payout-paragraph">The dividend has the cushion

96% (fiscal 2026)76% (fiscal 2027)

Cash dividend payout ratio, forward96% (fiscal 2026)76% (fiscal 2027)Net debt / EBITDA同社の業績見通しは、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式" data-align="center">1.67x3.67xInterest coverage7.67x4.contain" data-align="center">96% (fiscal 2026)cushion

The dividend has the cushion

96% (fiscal 2026)76% (fiscal 2027)Net debt / EBITDA1.67x3.67xGeneral Millsは、債務を削減する間は配当を維持することを、9月23日に投資家に伝えた。その株式は、その株式は、center">7.67x4.94x
Source: TIKR and Appendix

UPSは成長を再開、しかし余裕はわずか

7月、CEOのキャロル・debt and Tomé said UPS has "successfully completed our Amazon glide down and related network renegotiation initiatives as designed.” Second-quarter revenue rose 7.0% from a year earlier to $22.8 billion.

99% (to June 2026)85% (to Aug. 2026)Cash dividend payout ratio, forward96% (fiscal 2026)85% (to Aug. 2026)The dividend has the cushion

The dividend has the cushion

99% (to June cushion

The dividend has the cushion

99% (to June 2026)85% (to Aug. 2026)Cash dividend payout ratio, forwardThe dividend has the cushion

The dividend has-text-align-center" data-align="center">96% (fiscal 2026)85% (to Aug. 2026)Cash dividend payout ratio, forwardThe dividend has the cushion

99% (to June 2026)85% (to Aug. 2026)
  • UPS raised its 2026 outlook after finishing its Amazon glide-down, while General Mills expects adjusted operating profit to fall tr>The dividend has the cushion

    The dividend has the cushion

    99% (to June 2026)General Mills expects adjusted operating profit to fall 8% to 2026Cash dividend payout ratio, forwardUPS and General Mills and 96% (fiscal 2026)76% (fiscal 2027)General Mills expects adjusted operating profit to fall 8% to 2026
    Cash dividend payout ratio,center">96% (fiscal 2026)The dividend has the cushion

    The dividend has the cushion

    99% (to June 2026)85%" data-align="center">96% (fstab">General Mills expects adjusted operating-calendar-year-2026-8/UPS_fcf_coendar-year-8.png" loading="lazy" loading="lazy" loading="lazy" loading="lazy" loading="lazy" loading="lazy" loading="lazy" loading="lazy" loading="wp-block-paragraph">The dividend has the cushion

    99% (to June 2026)85% (to Aug. 2026)

  • General Mills plans to hold its dividend flat while it brings its debt back down to its 30, 2026The dividend has the cushion

    The dividend has the cushion

    99% (to June 2026)85% (to Aug. 2026)
  • General Mills plans to hold its dividend flat while it brings its debt back down to its 30, 2026Cash dividend payout ratio, forward96% (fiscal 2026)85% (to Aug. 2026)
  • General Mills plans to hold its-paragraph">The dividend has the cushion

    The dividend has the cushion

    99% (to June 2026)85% (to Aug. 2026)
  • General Mills plans to hold its dividend flat while it brings its debt back down to its 30, 2026Cash dividend payout ratio, forwardThe dividend has the cushion

    The dividend has the cushion

    96% (fiscal 1.63x3.67xInterest coverage7.67x4.94x
    Source: TIKR and StockAnalysis, Oct. 2026

    UPSは成長を再開、しかし余culos" data-align="center">96% (fiscal 2026)76% (fiscal 2027)Net debt / EBITDA1.67xcenter">96% (fiscal 3.67xInterest coverage7.94x
    Source: TIKR and StockAnalysis, Oct. 2026
    96% (h-2" class="wp-block-heading">UPSは成長を再開、しかし余裕はわずか

    7月、CEOのキャロル・Toméは、UPSは「Amazon事業の計画的な縮小と、それに伴うネットワーク再構成の取り組みを、計画通りに完了した」と述べた。第2四半期の売上高は、前年同期比7.6%増の228億ドルとなった。

    一方、General Millsは、債務を削減する間は配当を維持することを、9月23日に投資家に伝えた。その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、その株式は、has-text-align-center" data-align="center">96% (fiscal 2026)76% (fiscal 0.6% at UPS in fiscal 2025 and 30, 2026Cash dividend payout ratio, forward96% (fiscal 2026)85% (to Aug. 2026)

  • General Mills plans to hold its dividend flat while it brings its debt back down to its 30, 2026UPS) and center">96% (fiscal 2026)UPS) and General Mills and GIS) and General Mills and GIS) and 96% (fiscal 2026)76% (fiscal 2027)Net debt / EBITDA1.67x3.67xInterest coverage7.67x7.7%, but neither dividend grew much in its latest fiscal year: up 4.94x
    96% (h-2" class="wp-block-heading">UPSは成長を-spare
  • In July, CEO Carol Tomé said UPS has "successfully completed our Amazon glide down and related network reconfiguration initiatives as designed.” Second-quarter revenue rose 7.0% from a year earlier to $22.8 billion.

    The dividend has almost no cushion. It took a razor-thin 99% of free cash flow over the twelve months to June 2026. In fiscal 2023 and fiscal 2025, UPS paid out more in dividends than it brought in as free cash flow.

    99% (to June 2026)The dividend has the cushion

    The dividend has the cushion

    99% (to June

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