B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2022

Rhea-AI Summary

B&G Foods, Inc. (NYSE: BGS) provided details on the tax treatment of dividends paid in 2022, urging shareholders to verify their 2022 tax statements against the information provided. In total, B&G Foods distributed $1.90 per share, with all distributions categorized as a return of capital, meaning no taxable dividend for shareholders. This classification impacts the tax basis of the shares. The company advised shareholders to consult their tax advisors for personalized tax treatment. Additional information can be found on B&G Foods' website.

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for dividends paid in 2022 on the Company’s common stock. Holders are urged to check their 2022 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 2022 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 2022, 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 all of such distributions will be treated as a return of capital and no portion will be treated as a taxable dividend. 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 2022 on the Company’s common stock.

Declaration Date	Record Date	Payment Date	Total Per Share Distribution	2022 Taxable Dividend	2022 Return of Capital
11/2/2021	12/31/2021	1/31/2022	$0.47500	$0.000000	$0.47500
2/28/2022	3/31/2022	5/2/2022	$0.47500	$0.000000	$0.47500
5/17/2022	6/30/2022	8/1/2022	$0.47500	$0.000000	$0.47500
8/1/2022	9/30/2022	10/31/2022	$0.47500	$0.000000	$0.47500
2022 Totals			$1.90000	$0.000000	$1.90000

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 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.

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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 was the total dividend paid by B&G Foods in 2022?

B&G Foods distributed a total of $1.90 per share in 2022.

How are the dividends from B&G Foods treated for tax purposes?

All dividends paid in 2022 are treated as a return of capital, meaning no portion is considered a taxable dividend.

When did B&G Foods pay dividends in 2022?

B&G Foods paid dividends on the following dates: January 31, May 2, August 1, and October 31.

What should shareholders do with their B&G Foods tax statements?

Shareholders are urged to check their 2022 tax statements from brokerage firms to ensure accuracy.

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

Additional information is available in the Investors section of B&G Foods' website.