B&G Foods : Foods Increases Quarterly Dividend by 2.2 Percent
May 22, 2018 at 06:28 pm EDT
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PARSIPPANY, N.J.--(BUSINESS WIRE)--May 22, 2018-- B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has increased the Company's quarterly cash dividend rate by 2.2% from $0.465 per share of common stock to $0.475 per share of common stock. On an annualized basis, the dividend increases from $1.86 per share to $1.90 per share. The quarterly dividend declared today is payable on July 30, 2018 to shareholders of record as of June 29, 2018.
At the closing market price of the common stock on May 22, 2018, the new dividend rate represents an annualized yield of 7.2%. This is the 55th 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, Green Giant, Las Palmas, Le Sueur, Mama Mary's, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Pirate's Booty, Polaner, SnackWell's, 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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Source: B&G Foods, Inc.
ICR, Inc.
Investor Relations: Dara Dierks, 866.211.8151
Media Relations: Matt Lindberg, 203.682.8214
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B&G Foods Inc. published this content on 22 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2018 22:27:01 UTC
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. The Company complements its branded product retail sales with institutional and foodservice sales and private label sales. Its products include frozen and canned vegetables, crackers, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, bagel chips, spices, hot sauces, baking soda, corn starch, nut clusters and other specialty products. The Company has more than 50 brands, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Maryâs, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria. The Company sells, markets and distributes its products through a multiple-channel sales, marketing and distribution system to various United States food channels, including sales and shipments to supermarkets and mass merchants.