B&G Foods, Inc. (NYSE:BGS) Announces Quarterly Dividend of $0.10

B&G Foods, Inc. (NYSE:BGS) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.095 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Wednesday, September 30th.

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 dividend payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect B&G Foods to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 57.6%.

B&G Foods Stock Performance

NYSE BGS traded down $0.04 during trading on Wednesday, reaching $3.52. The company’s stock had a trading volume of 2,011,388 shares, compared to its average volume of 2,099,653. The firm has a market cap of $285.31 million, a price-to-earnings ratio of -3.67 and a beta of 0.49. The business’s fifty day moving average price is $3.87 and its 200-day moving average price is $4.59. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 2.99. B&G Foods has a twelve month low of $3.42 and a twelve month high of $6.38.

B&G Foods (NYSE:BGS) last issued its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a negative net margin of 4.23% and a positive return on equity of 9.67%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. As a group, analysts anticipate that B&G Foods will post 0.57 EPS for the current fiscal year.

B&G Foods Company Profile

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.