B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2013
January 23 2014 - 12:50PM
Business Wire
B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment
for dividends paid in 2013 on the Company’s common stock. Holders
are urged to check their 2013 tax statements received from
brokerage firms in order to ensure that the cash distribution
information reported on such statements conforms to the information
reported herein.
Additional information concerning the tax treatment of dividends
paid in 2013 is posted to the Investor Relations section of B&G
Foods’ website, www.bgfoods.com, under the heading “Investor FAQ.”
Holders are also urged to consult their own tax advisors to
determine their individual tax treatment.
In 2013, B&G Foods distributed $1.1900 per share of common
stock (CUSIP # 05508R 10 6). Based on U.S. federal income tax laws,
B&G Foods has determined that of such distributions,
approximately 24.214% (or $0.2881490 per share) will be treated as
a taxable dividend and approximately 75.786% (or $0.9018510 per
share) will be treated as a return of capital. Generally, the
portion of the distribution on the common stock that is treated as
a return of capital should reduce the tax basis in the shares of
common stock up to a holder’s adjusted basis in the common stock,
with any excess treated as capital gains.
The table below summarizes the tax treatment for dividends paid
in 2013 on the Company’s common stock.
DeclarationDate
RecordDate
PaymentDate
Total Per
ShareDistribution
2013 Taxable
Dividend
2013 Return of
Capital
10/16/2012 12/31/2012 1/30/2013 $0.2900 $0.0702210 $0.2197790
2/27/2013 3/28/2013 4/30/2013 $0.2900 $0.0702210 $0.2197790
5/16/2013 6/28/2013 7/30/2013 $0.2900 $0.0702210 $0.2197790
7/25/2013 9/30/2013 10/30/2013 $0.3200 $0.0774860 $0.2425140
2013 Totals $1.1900 $0.2881490 $0.9018510
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and
distribute a diversified portfolio of high-quality, branded
shelf-stable foods across the United States, Canada and Puerto
Rico. Based in Parsippany, New Jersey, B&G Foods’ products are
marketed under many recognized brands, including Ac’cent, B&G,
B&M, Baker’s Joy, Brer Rabbit, Cream of Rice, Cream of Wheat,
Devonsheer, Don Pepino, Emeril’s, Grandma’s Molasses, JJ Flats,
Joan of Arc, Las Palmas, Maple Grove Farms, Molly McButter, Mrs.
Dash, New York Style, Old London, Original Tings, Ortega, Pirate’s
Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són,
Sclafani, Smart Puffs, Sugar Twin, Trappey’s, TrueNorth,
Underwood, Vermont Maid and Wright’s. B&G Foods also sells
and distributes two branded household products, Static Guard and
Kleen Guard.
IRS Circular 230 Disclosure
The discussion contained in this press release as to tax matters
is not intended or written to be used, and cannot be used, for the
purpose of avoiding United States federal income tax penalties.
Such discussion is written to support the promotion or marketing of
the transactions or matters addressed in this press release. Each
taxpayer should seek advice based on the taxpayer’s particular
circumstances from an independent tax advisor.
Investor Relations:ICR, Inc.Don Duffy, 866-211-8151orMedia
Relations:Matt Lindberg, 203-682-8214
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