B&g Foods dividend yield – B&G Foods Announces Dividend of $0.19 per Share Payable July 31 to Record Date Shareholders

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B&G ($NYSE:BGS) Foods, Inc. (NYSE: BGS) has announced that it will be issuing a dividend of $0.19 per share to its record date shareholders. B&G Foods is a leading manufacturer of a variety of shelf-stable pantry staples and food products. The company produces and markets a wide array of brands including Green Giant, Mrs. Dash, Cream of Wheat, B&M, Ortega, and many more. B&G Foods is committed to offering quality products that offer consumers a variety of delicious and convenient options. This announcement is a strong sign of the company’s financial strength and commitment to its shareholders.

Dividends – B&g Foods dividend yield

With this, the dividend yield of the company stands at 6.97%, 6.92%, and 6.31% over the next three years respectively, making it an average dividend yield of 6.73%. Considering B&G Foods‘ consistent performance in the market, it is definitely worth considering by investors looking for a reliable dividend stock. The company’s impressive dividend yields and consistent payments provide investors with a steady cash flow over the years, making it an ideal pick for long-term investments.

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…

Market Price

This news propelled the stock to a 3.2% increase from the previous closing price. The stock opened at $13.1 on Wednesday and closed at $13.5, up from its prior closing price of $13.1. This dividend payout marks the continuation of B&G Foods’ commitment to share the value of its success with its shareholders. Live Quote…

Analysis

GoodWhale provides an analysis of the financials of B&G FOODS, so you can make an informed decision about your investment. Our Risk Rating system labels B&G FOODS as a high risk investment, taking into account both the financial and business aspects. If you become a registered user, you can view two risk warnings that our system has identified in their income sheet and balance sheet. We are proud to deliver comprehensive and reliable data for you to make the best decisions. 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

B&G Foods has recently announced that it will maintain its dividend at $0.19 per share, payable on July 31 to shareholders of record on June 30. This news has been met with positive sentiment among investors, as evidenced by the stock price moving up on the same day. Investing in B&G Foods could be a good long-term move, given its sound financials and solid dividend record.