B&G Foods Declares Regular Quarterly Dividend

Rhea-AI Summary

B&G Foods (NYSE: BGS) has announced a quarterly cash dividend of $0.19 per share of common stock. The dividend will be paid on January 30, 2025, to stockholders of record as of December 31, 2024. Based on the closing market price on October 29, 2024, this represents an annualized yield of 8.6%. This marks the company's 81st consecutive quarterly dividend since its IPO in October 2004.

Positive

• Maintained consistent dividend payment for 81 consecutive quarters since IPO
• High dividend yield of 8.6% annualized
• Continued commitment to shareholder returns through regular dividend payments

Negative

• High dividend yield of 8.6% could indicate market concerns about dividend sustainability

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 January 30, 2025 to stockholders of record as of December 31, 2024.

At the closing market price of the common stock on October 29, 2024, the current dividend rate represents an annualized yield of 8.6%. This is the 81^st 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/20241029244099/en/

Investor Relations:

ICR, Inc.

Anna Kate Heller

bgfoodsIR@icrinc.com

Media Relations:

ICR, Inc.

Matt Lindberg

203.682.8214

Source: B&G Foods, Inc.

FAQ

What is B&G Foods (BGS) latest quarterly dividend amount?

B&G Foods (BGS) declared a quarterly dividend of $0.19 per share of common stock.

When is B&G Foods (BGS) next dividend payment date?

The dividend is payable on January 30, 2025, to stockholders of record as of December 31, 2024.

What is B&G Foods (BGS) current dividend yield?

Based on the closing market price on October 29, 2024, the dividend represents an annualized yield of 8.6%.

How many consecutive quarters has B&G Foods (BGS) paid dividends?

B&G Foods has declared dividends for 81 consecutive quarters since its initial public offering in October 2004.