Flowers Foods, Inc. (FLO) To Go Ex-Dividend on March 6th

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, February 20th. Investors of record on Friday, March 6th will be paid a dividend of 0.2475 per share on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Friday, March 6th.

Flowers Foods has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 24 consecutive years. Flowers Foods has a payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Flowers Foods to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.99 annual dividend with an expected future payout ratio of 76.7%.

Flowers Foods Stock Performance

Shares of FLO opened at $9.24 on Wednesday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 23.10 and a beta of 0.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.54 and a current ratio of 0.75. Flowers Foods has a 1 year low of $9.20 and a 1 year high of $20.23. The company’s fifty day moving average is $10.76 and its two-hundred day moving average is $11.93.

Flowers Foods (NYSE:FLO) last issued its earnings results on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Flowers Foods had a return on equity of 16.61% and a net margin of 1.59%.The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. On average, sell-side analysts predict that Flowers Foods will post 1.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on FLO shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Flowers Foods in a report on Thursday, January 22nd. Stephens set a $11.00 target price on Flowers Foods in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Flowers Foods in a research note on Tuesday, February 17th. Zacks Research cut shares of Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Finally, Truist Financial dropped their target price on shares of Flowers Foods from $15.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $12.60.

Flowers Foods Company Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.