Flowers Foods, Inc. (NYSE:FLO) Declares Quarterly Dividend of $0.25

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, November 14th. Stockholders of record on Friday, November 28th will be paid a dividend of 0.2475 per share on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, November 28th.

Flowers Foods has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 24 years. Flowers Foods has a dividend 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 research 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 Trading Up 0.0%

NYSE:FLO traded up $0.01 on Friday, reaching $11.40. The company’s stock had a trading volume of 3,184,101 shares, compared to its average volume of 2,880,581. The company has a quick ratio of 0.90, a current ratio of 1.26 and a debt-to-equity ratio of 1.23. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 10.96 and a beta of 0.26. The stock has a 50 day moving average price of $12.81 and a 200 day moving average price of $15.06. Flowers Foods has a 12-month low of $11.25 and a 12-month high of $23.04.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. On average, equities analysts anticipate that Flowers Foods will post 1.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLO has been the topic of several research analyst reports. DA Davidson reiterated a “neutral” rating and issued a $15.00 price objective on shares of Flowers Foods in a report on Monday, August 18th. Truist Financial decreased their price target on shares of Flowers Foods from $15.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Flowers Foods in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Flowers Foods presently has an average rating of “Reduce” and an average price target of $13.67.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.