B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2021

Rhea-AI Summary

B&G Foods (NYSE: BGS) detailed the tax treatment for its 2021 dividends, distributing a total of $1.90 per share. Of this, 17.02% ($0.32) is considered a taxable dividend, while 82.98% ($1.58) is classified as a return of capital. Investors are advised to verify their 2021 tax statements with brokerage firms to ensure accuracy. For further details, visit B&G Foods' investor website.

Positive

• 2021 total dividend distribution of $1.90 per share
• Taxable dividend component of $0.323296 per share
• Return of capital of $1.576704 per share

Negative

• None.

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for dividends paid in 2021 on the Company’s common stock. Holders are urged to check their 2021 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

Additional information concerning the tax treatment of dividends paid in 2021 is posted to the Investors section of B&G Foods’ website, www.bgfoods.com, under the headings “FAQs” and “IRS Form 8937.” Holders are also urged to consult their own tax advisors to determine their individual tax treatment.

In 2021, B&G Foods distributed $1.90000 per share of common stock (CUSIP # 05508R 10 6). Based on U.S. federal income tax laws, B&G Foods has determined that of such distributions, 17.01563% (or $0.323296 per share) will be treated as a taxable dividend and 82.98437% (or $1.576704 per share) will be treated as a return of capital. Generally, the portion of the distribution on the common stock that is treated as a return of capital should reduce the tax basis in the shares of common stock up to a holder’s adjusted basis in the common stock, with any excess treated as capital gains.

The table below summarizes the tax treatment for dividends paid in 2021 on the Company’s common stock.

Declaration Date	Record Date	Payment Date	Total Per Share Distribution	2021 Taxable Dividend	2021 Return of Capital
10/27/2020	12/31/2020	2/1/2021	$0.47500	$0.080824	$0.394176
3/1/2021	3/31/2021	4/30/2021	$0.47500	$0.080824	$0.394176
5/18/2021	6/30/2021	7/30/2021	$0.47500	$0.080824	$0.394176
8/3/2021	9/30/2021	11/1/2021	$0.47500	$0.080824	$0.394176
2021 Totals			$1.90000	$0.323296	$1.576704

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220215006214/en/

Investor Relations:

ICR, Inc.

Dara Dierks

866.211.8151



Media Relations:

ICR, Inc.

Matt Lindberg

203.682.8214

Source: B&G Foods, Inc.

FAQ

What is the dividend amount distributed by B&G Foods in 2021?

B&G Foods distributed a total of $1.90 per share in 2021.

What portion of B&G Foods' 2021 dividend is taxable?

17.02% of the total dividend, amounting to $0.323296 per share, is treated as a taxable dividend.

When was the payment date for B&G Foods' dividends in 2021?

The payment dates for the dividends in 2021 varied, with the first on February 1, 2021.

How should I report B&G Foods' dividends on my taxes?

Investors should check their tax statements from brokerage firms and consult their tax advisors.

Where can I find more information about B&G Foods' dividend tax treatment?

Additional information can be found on B&G Foods' investor website under the sections FAQs and IRS Form 8937.