B&G Foods Hikes Dividend

B&G Foods Hikes Dividend

B&G Foods is spreading a little more shareholder payout on its toast. The company has declared its latest quarterly common stock dividend, which is to be $0.33 per share paid on Jan. 30 of next year to shareholders of record as of Dec. 31. That amount is $0.01, or 3%, higher than the firm's previously declared distribution of $0.32, which is to be paid on Oct. 30. B&G Foods' most recently distributed payout was $0.29 per share, dispensed at the end of July.

The firm has been a steady dividend payer since inaugurating payouts in January 2005. In the press release announcing the upcoming distribution, the company pointed out it will be its 37th in a row.

The new dividend annualizes to $1.32 per share. That yields 3.6% at B&G Foods' current stock price of $36.95.


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