B&G Foods Announces Quarterly Dividend for Stockholders
B&G Foods Reports Regular Quarterly Dividend
B&G Foods, Inc. (NYSE: BGS) has made an exciting announcement regarding its quarterly dividend. The Board of Directors has officially declared a cash dividend of $0.19 per share of common stock. This payment is scheduled for January 30, 2025, benefiting all stockholders on record as of December 31, 2024.
Understanding the Dividend Yield
As of the closing market price on October 29, 2024, the current dividend rate translates to an impressive annualized yield of 8.6%. This reflects the company's solid financial performance and commitment to returning value to its shareholders.
Historical Context of Dividends
This latest dividend declaration marks the 81st consecutive quarterly dividend announced by the Board of Directors since B&G Foods went public in October 2004. This consistent track record highlights the company's stability and dedication to rewarding its investors.
A Closer Look at B&G Foods
Operating from Parsippany, New Jersey, B&G Foods, Inc. has established itself as a leading player in the food manufacturing sector. The company, along with its subsidiaries, is renowned for manufacturing, selling, and distributing a diverse range of high-quality, branded shelf-stable and frozen foods. B&G Foods boasts a portfolio of over 50 well-known brands, such as B&G, B&M, and Green Giant, among others.
Commitment to Quality and Variety
The diverse offerings of B&G Foods ensure that there’s something for everyone. Whether you’re cooking a family meal or looking for a quick snack, the variety in their product lines makes it a reliable choice for consumers. From Bear Creek soups to Crisco cooking oils, B&G Foods covers a wide range of culinary needs.
Future Outlook of B&G Foods
As B&G Foods continues its legacy in the food industry, investors and consumers alike will watch closely to see how it adapts and grows in the coming years. The commitment to quality and shareholder returns positions the company favorably in a competitive market. With insights derived from past performances and current trends, B&G Foods is set to maintain its course of delivering exceptional value.
Frequently Asked Questions
What is the declared dividend amount by B&G Foods?
B&G Foods has declared a quarterly cash dividend of $0.19 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on January 30, 2025.
What is the significance of the annualized yield?
The current dividend rate results in an annualized yield of 8.6%, showing a strong return for investors.
How many consecutive dividends has B&G Foods declared?
This is the 81st consecutive quarterly dividend declared by B&G Foods since its IPO in 2004.
What products does B&G Foods offer?
B&G Foods offers a wide variety of shelf-stable and frozen foods under more than 50 brands, including B&G, Green Giant, and Bear Creek.
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