B&G Foods, Inc. (NYSE:BGS) announced a quarterly dividend on Tuesday, July 31st, Zacks reports. Stockholders of record on Friday, September 28th will be given a dividend of 0.475 per share on Tuesday, October 30th. This represents a $1.90 annualized dividend and a dividend yield of 6.51%. The ex-dividend date is Thursday, September 27th.

B&G Foods has increased its dividend payment by an average of 11.3% annually over the last three years and has increased its dividend every year for the last 7 years. B&G Foods has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect B&G Foods to earn $2.25 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 84.4%.

B&G Foods stock opened at $29.20 on Wednesday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.31 and a current ratio of 3.73. The company has a market cap of $1.95 billion, a P/E ratio of 13.77 and a beta of 0.46. B&G Foods has a 1-year low of $22.00 and a 1-year high of $39.75.

B&G Foods (NYSE:BGS) last posted its earnings results on Thursday, August 2nd. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). The firm had revenue of $388.40 million for the quarter, compared to the consensus estimate of $386.91 million. B&G Foods had a return on equity of 16.12% and a net margin of 11.23%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. research analysts expect that B&G Foods will post 2.09 EPS for the current year.

BGS has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of B&G Foods from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Piper Jaffray Companies initiated coverage on shares of B&G Foods in a report on Tuesday, June 19th. They set a “neutral” rating and a $31.00 target price on the stock. ValuEngine raised shares of B&G Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $39.00 target price on shares of B&G Foods in a report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $34.13.

B&G Foods Company Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, cookies and crackers, nut clusters, and other specialty products.

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Dividend History for B&G Foods (NYSE:BGS)

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