B&G Foods Boosts Dividend 10.3%

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B&G Foods , the name behind well-known brands including Mrs. Dash and Cream of Wheat, is increasing its quarterly dividend. The company this week said it has raised the payout 10.3%, from $0.29 to $0.32 per share of common stock.

This is the 36th consecutive quarterly dividend declared by the Board of Directors since B&G Foods' initial public offering in October 2004.

Annually, its new payout adds up to $1.28, and offers a 3.7% dividend yield based on yesterday's closing price. The food manufacturer's new dividend will be payable Oct. 30 for shareholders of record as of Sept. 30. B&G previously raised its dividend payout in December 2012 by 7.4%, from $0.27 per share to $0.29. Since the start of 2013, the company's price per share has moved from $28.31 to $33.78, a 19% elevation.



The article B&G Foods Boosts Dividend 10.3% originally appeared on Fool.com.

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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