B&G Foods, Inc. (BGS) to Issue Quarterly Dividend of $0.19 on April 30th

B&G Foods, Inc. (NYSE:BGS) announced a quarterly dividend on Monday, March 2nd. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.19 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

B&G Foods has decreased its dividend by an average of 0.2%per year over the last three years. B&G Foods has a payout ratio of 126.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect B&G Foods to earn $0.67 per share next year, which means the company may not be able to cover its $0.76 annual dividend with an expected future payout ratio of 113.4%.

B&G Foods Price Performance

BGS stock opened at $5.23 on Friday. The company has a debt-to-equity ratio of 4.30, a current ratio of 3.32 and a quick ratio of 1.43. The company’s 50-day moving average is $4.98 and its 200-day moving average is $4.63. The stock has a market capitalization of $417.85 million, a PE ratio of -9.68 and a beta of 0.46. B&G Foods has a 1 year low of $3.67 and a 1 year high of $7.24.

B&G Foods (NYSE:BGS) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $539.56 million for the quarter, compared to the consensus estimate of $537.50 million. B&G Foods had a positive return on equity of 8.43% and a negative net margin of 2.37%.The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. Equities research analysts expect that B&G Foods will post 0.7 EPS for the current fiscal year.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.