B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2020

Rhea-AI Summary

B&G Foods (NYSE: BGS) provided details on the tax treatment for dividends paid in 2020. A total of $1.90 per share was distributed, with 74.95% ($1.42408 per share) considered a taxable dividend and 25.05% ($0.47592 per share) as a return of capital. Investors are advised to review their 2020 tax statements from brokerage firms to ensure accuracy. Comprehensive information is available on B&G Foods' website under 'FAQs' and 'IRS Form 8937.' Consultation with tax advisors is recommended for individual tax implications.

Positive

• Total dividends paid in 2020 amounted to $1.90 per share.
• 74.95% of the distribution is classified as a taxable dividend, signaling a potential income source for shareholders.

Negative

• 25.05% of the distribution is treated as a return of capital, which could reduce the tax basis for shareholders.

B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for dividends paid in 2020 on the Company’s common stock. Holders are urged to check their 2020 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 2020 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 2020, 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, 74.95153% (or $1.42408 per share) will be treated as a taxable dividend and 25.04847% (or $0.47592 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 2020 on the Company’s common stock.

Declaration Date		Record Date		Payment Date		Total Per Share Distribution		2020 Taxable Dividend		2020 Return of Capital
10/29/2019		12/31/2019		1/30/2020		$0.47500		$0.35602		$0.11898
2/24/2020		3/31/2020		4/30/2020		$0.47500		$0.35602		$0.11898
5/13/2020		6/30/2020		7/30/2020		$0.47500		$0.35602		$0.11898
7/28/2020		9/30/2020		10/30/2020		$0.47500		$0.35602		$0.11898
2020 Totals						$1.90000		$1.42408		$0.47592

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, 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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FAQ

What is the dividend payment for BGS in 2020?

BGS distributed a total of $1.90 per share in 2020.

How is the dividend from BGS taxed?

74.95% of the dividends are taxable, while 25.05% is classified as a return of capital.

What should BGS shareholders check for tax purposes?

Shareholders should verify their 2020 tax statements from brokerage firms against the company's reported dividend information.

Where can I find more information about BGS dividends?

Additional details are available on B&G Foods' website under the 'FAQs' and 'IRS Form 8937' sections.

What dates are associated with BGS dividends in 2020?

Dividend declaration dates include 10/29/2019, 2/24/2020, 5/13/2020, and 7/28/2020, with payment dates in early 2020.