Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Flowers Foods, Inc.    FLO

Delayed Quote. Delayed  - 09/26 03:44:13 pm
15.465 USD   -0.48%
11:33a FLOWERS FOODS : Prices $400 Million Of 3.500% Senior Notes Due 2026
09/23 FLOWERS FOODS, : Prices $400 Million Of 3.500% Senior Notes Due 202..
09/23 Khang & Khang LLP Announces Securities Class Action Lawsuit again..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Flowers Foods, Inc. : Flowers Foods Announces Three-for-Two Stock Split And Increases Annual Dividend Rate At Shareholders Meeting

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/22/2013 | 04:45pm CEST

THOMASVILLE, Ga., May 22, 2013 /PRNewswire/ -- Prior to the Flowers Foods (NYSE: FLO) annual shareholders meeting today, the company's board of directors declared a three-for-two split of the company's stock by means of a 50% stock dividend and also increased the annual cash dividend by $.035. This equates to a 5.5% increase over the previous dividend rate. Both the stock split and the dividend are payable on June 19, 2013, to shareholders of record on June 5, 2013.

(Logo: http://photos.prnewswire.com/prnh/20080530/CLF007LOGO )

Following the split, Flowers shareholders will own three shares for every two shares they held on the record date and the quarterly dividend rate will be $.1125 per share, or $.45 per share on an annualized basis.

The board is confident in the company's future performance, according to George E. Deese, Executive Chairman. "The board believes Flowers Foods is in an excellent position to reward our shareholders with an increased dividend, allowing our investors to continue participating in the company's success over the long term," he said. "In addition, the stock split will increase the liquidity of our stock and attract new shareholders."

Allen L. Shiver, president and newly elected CEO, cited Flowers' operational and marketplace performance as one of the reasons the leadership team has confidence in the company's future. "Our long-term strategy of investing in our bakeries, brands, products, and our team has created competitive advantages that are helping us deliver record results," he said.

During the shareholders meeting today, members of management will review the company's operating strategies and financial performance. The meeting is being broadcast live at 11:00 a.m. Eastern on www.flowersfoods.com and also will be archived on the website.

Company Information
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is one of the largest producers of fresh packaged bakery foods in the United States with 2012 sales of $3.1 billion. Flowers operates 44 bakeries that produce a wide range of bakery products. Among the company's top brands are Nature's Own and Tastykake. Learn more at www.flowersfoods.com.

Forward Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Other factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to, (a) competitive conditions in the baked foods industry, including promotional and price competition, (b) changes in consumer demand for our products, (c) the success of productivity improvements and new product introductions, (d) a significant reduction in business with any of our major customers including a reduction from adverse developments in any of our customer's business, (e) fluctuations in commodity pricing, (f) our ability to fully integrate recent acquisitions into our business, and (g) our ability to achieve cash flow from capital expenditures and acquisitions and the availability of new acquisitions that build shareholder value. In addition, our results may also be affected by general factors such as economic and business conditions (including the baked foods markets), interest and inflation rates and such other factors as are described in the company's filings with the Securities and Exchange Commission.

SOURCE Flowers Foods, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FLOWERS FOODS, INC.
11:33a FLOWERS FOODS : Prices $400 Million Of 3.500% Senior Notes Due 2026
09/23 FLOWERS FOODS, INC. : Prices $400 Million Of 3.500% Senior Notes Due 2026
09/23 FLOWERS FOODS, INC. : Lundin Law PC Announces Securities Class Action Lawsuit ag..
09/23 FLOWERS FOODS, INC. : SHAREHOLDER ALERT - - Bronstein, Gewirtz & Grossman, LLC R..
09/23 FLOWERS FOODS INC : Other Events, Financial Statements and Exhibits (form 8-K)
09/23 Khang & Khang LLP Announces Securities Class Action Lawsuit against Flowers F..
09/23 FLOWERS FOODS, INC. : Khang & Khang LLP Announces Securities Class Action Lawsui..
09/21 FLOWERS FOODS, INC. : Lundin Law PC Announces Securities Class Action Lawsuit ag..
09/21 DEADLINE UPCOMING IN LAWSUIT FOR INV : Flo)
09/21 FLO The Law Offices of Vincent Wong Reminds Investors of a Class Action Invol..
More news
Sector news : Bread & Bakery Product Manufacturing
09:30a Investors urge food companies to shift from meat to plants
09/23DJBRF : Brazil's BRF Raises $500 Million From Overseas Bond Issue
09/21DJGENERAL MILLS : Profit Falls -- Update
09/21DJGENERAL MILLS : Profit Falls
09/21DJGENERAL MILLS : Profit Falls
More sector news : Bread & Bakery Product Manufacturing
News from SeekingAlpha
09/25 SEPTEMBER BUYS : The 17 Stocks Added To My Fund
09/22 Flowers Foods A High-Yield Risk Worth Taking
09/21 THE MNM PORTFOLIO, AUG 2016 : Ep. 18 - Adding Food, Some More Food, And A Little..
09/19 Flowers Foods' Short-Term Difficulties Present A Long-Term Opportunity
09/16 FLOWERS FOODS : Value Play Or Value Trap?