B&G Foods Declares Regular Quarterly Dividend

Rhea-AI Summary

B&G Foods (NYSE: BGS) announced a regular quarterly cash dividend of $0.19 per share.

The dividend is payable on July 30, 2024, to stockholders of record as of June 28, 2024. The current dividend rate represents an annualized yield of 7.9% at the closing market price on May 21, 2024.

This marks the 79th consecutive quarterly dividend declared by B&G Foods since its IPO in October 2004.

Positive

• B&G Foods has declared a quarterly dividend of $0.19 per share.
• The annualized dividend yield is 7.9%, based on the closing market price on May 21, 2024.
• This is the 79th consecutive quarterly dividend since the company's IPO in 2004.
• Consistent dividend payments can signal financial stability and shareholder value.

Negative

• The dividend amount of $0.19 per share might be considered low by some investors.
• A high dividend yield could indicate potential risk or volatility in the stock price.
• The announcement does not provide information on the company's earnings or financial health.

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend is payable on July 30, 2024 to stockholders of record as of June 28, 2024.

At the closing market price of the common stock on May 21, 2024, the current dividend rate represents an annualized yield of 7.9%. This is the 79^th consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521396184/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

When is the next BGS dividend payment?

The next BGS dividend payment is on July 30, 2024.

What is the dividend per share for BGS?

The dividend per share for BGS is $0.19.

What is the annualized yield of the BGS dividend?

The annualized yield of the BGS dividend is 7.9%.

When is the record date for the upcoming BGS dividend?

The record date for the upcoming BGS dividend is June 28, 2024.

How many consecutive quarterly dividends has BGS declared?

BGS has declared 79 consecutive quarterly dividends.