B&G Foods Increases Quarterly Dividend by 3.0 Percent
February 24 2014 - 6:00PM
Business Wire
B&G Foods, Inc. (NYSE:BGS) announced today that its Board of
Directors has increased the Company’s quarterly cash dividend rate
by 3.0% from $0.33 per share of common stock to $0.34 per share of
common stock. On an annualized basis, the dividend increases from
$1.32 per share to $1.36 per share. The quarterly dividend declared
today is payable on April 30, 2014, to shareholders of record as of
March 31, 2014.
At the closing market price of the common stock on February 24,
2014, the new dividend rate represents an annualized yield of 4.5%.
This is the 38th consecutive quarterly dividend declared by the
Board of Directors since B&G Foods’ initial public
offering in October 2004.
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.
ICR, Inc.Investor Relations: Don Duffy, 866-211-8151Media
Relations: Matt Lindberg, 203-682-8214
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