B&G Foods Declares Regular Quarterly Dividend

Rhea-AI Summary

B&G Foods, Inc. (NYSE: BGS) has declared a quarterly cash dividend of $0.475 per share, payable on February 1, 2021 to shareholders on record as of December 31, 2020. This reflects a remarkable 6.6% annualized yield at the closing market price on October 27, 2020. The latest declaration marks the 65th consecutive quarterly dividend since the company's IPO in October 2004, demonstrating ongoing confidence in its financial stability and commitment to returning value to shareholders.

Positive

• Declared a quarterly dividend of $0.475 per share, indicating strong cash flow.
• 6.6% annualized yield reflects solid investment return for shareholders.
• 65th consecutive quarterly dividend shows consistent performance and commitment to dividends.

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• None.

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 $0.475 per share of common stock. The dividend is payable on February 1, 2021 to shareholders of record as of December 31, 2020.

At the closing market price of the common stock on October 27, 2020, the current dividend rate represents an annualized yield of 6.6%. This is the 65^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 Back to Nature, B&G, B&M, Cream of Wheat, 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.