EX-Dividend Schedule: B&G Foods Announced a 2.2% Dividend Hike; Will Trade Ex-Dividend on June 28, 2018

LONDON, UK / ACCESSWIRE / June 27, 2018 / Active-Investors has a free review on B&G Foods, Inc. (NYSE: BGS) following the Company’s announcement that it will begin trading ex-dividend on June 28, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 27, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on BGS:

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Dividend Declared

On May 22, 2018, B&G Foods announced 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. The quarterly dividend declared is payable on July 30, 2018, to shareholders of record as of June 29, 2018.

B&G Foods’ indicated dividend represents a yield of 5.91%, which is more than triple compared to the average dividend yield of 1.78% for the Consumer Goods sector. This was the 55th consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.

Dividend Insights

B&G Foods has a dividend payout ratio of 89.6%, which denotes that the Company spends approximately $0.90 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

As per analysts’ estimates, B&G Foods is forecasted to report earnings of $2.18 per share for the next year, which is substantially higher than the Company’s annualized dividend payout of $1.90 per share.

As of March 31, 2018, B&G Foods’ cash and cash equivalents totaled $118.1 million compared to $206.5 million as on December 03, 2017. For the three months ended $73.7 million compared to $2.5 million for the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

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. The Company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods was founded in 1996 and is headquartered in Parsippany, New Jersey.

Stock Performance Snapshot

June 26, 2018 – At Tuesday’s closing bell, B&G Foods’ stock declined 1.52%, ending the trading session at $32.50.

Volume traded for the day: 1.02 million shares.

Stock performance in the last month – up 16.70%; and previous three-month period – up 28.71%

After yesterday’s close, B&G Foods’ market cap was at $2.16 billion.

Price to Earnings (P/E) ratio was at 29.76.

The stock has a dividend yield of 5.85%.

The stock is part of the Consumer Goods sector, categorized under the Processed & Packaged Goods industry. This sector was up 0.2% at the end of the session.

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