B&g Foods dividend yield – B&G Foods Announces 0.19 Cash Dividend

🌥️Dividends Yield

On June 8 2023, B&G Foods Inc. announced a 0.19 cash dividend. This dividend will be paid out to shareholders of the company on the ex-dividend date of June 29 2023. B&G FOODS ($NYSE:BGS) has issued an annual dividend per share of 1.33 USD in the last three years, 1.62 USD in 2021 and 1.9 USD in 2022-2023.

With a dividend yield of 6.97% in 2021, 6.92% in 2022 and 6.31% in 2023, B&G FOODS has a solid average dividend yield of 6.73%. The company has consistently paid out a good return on investments over the past years, therefore if you are looking for dividend stocks, B&G FOODS may be worth considering.

Share Price

On Thursday, B&G Foods Inc., a leading producer of shelf-stable foods, announced a quarterly cash dividend of $0.19 per share. The dividend announcement saw B&G FOODS stock open at $13.4 and close at $13.4, up by 0.1% from the prior closing price of 13.4. This increase in stock price is indicative of the market’s positive sentiment towards the company’s dividend as well as its overall financial performance. The dividend is further evidence of the company’s commitment to enhancing shareholder value. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for B&g Foods. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for B&g Foods. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for B&g Foods. More…

Key Ratios Snapshot

Some of the financial key ratios for B&g Foods are shown below. More…

Analysis

GoodWhale has conducted an analysis of B&G FOODS‘ fundamentals and found that, according to our Risk Rating, it is a high risk investment. This high risk is due to the financial and business aspects we observed. We have identified two risk warnings in the company’s income sheet and balance sheet. To get more detailed information on B&G FOODS, register on our website goodwhale.com. We can provide you with detailed insights and data, so you can make informed decisions when investing. More…

Peers

The company’s products are sold through a network of retailers and distributors in the United States and Canada. B&G Foods competes with Sanderson Farms Inc, Sovos Brands Inc, and J&J Snack Foods Corp in the branded and private label food product market.

– Sanderson Farms Inc ($NASDAQ:SOVO)

SOVOS Brands Inc is a food and beverage company that owns and operates a portfolio of food and beverage brands. The company’s brands include Sovos, a line of premium spirits and wine; and The Republic of Tea, a line of premium teas. The company also owns and operates a number of other food and beverage brands, including VOSS water, an ultra-premium bottled water brand; and LaCroix, a line of sparkling waters. The company has a market cap of 1.4B as of 2022 and a Return on Equity of -1.89%.

– Sovos Brands Inc ($NASDAQ:JJSF)

J&J Snack Foods Corp is a leading manufacturer and marketer of snack foods and beverages. The company’s products include soft pretzels, frozen beverages, and other snacks. J&J Snack Foods Corp has a market cap of 2.74B as of 2022. The company’s return on equity is 5.74%. J&J Snack Foods Corp is a publicly traded company listed on the NASDAQ Stock Market.

Summary

Investing in B&G FOODS can be a lucrative option as it has consistently offered an annual dividend per share of 1.33 USD in the last three years, increasing to 1.62 USD in 2021 and 1.9 USD in 2022-2023. This offers an impressive dividend yield of 6.97% in 2021, 6.92% in 2022, and 6.31% in 2023, providing an average dividend yield of 6.73%. Those looking to earn passive income through consistent dividend payments should consider investing in B&G FOODS stock.