B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2014
February 04 2015 - 4:01PM
Business Wire
B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment
for dividends paid in 2014 on the Company’s common stock. Holders
are urged to check their 2014 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 2014 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 2014, B&G Foods distributed $1.3500 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 33.400% (or $0.450903 per share) will be treated as a
taxable dividend and approximately 66.600% (or $0.899097 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 2014 on the Company’s common stock.
DeclarationDate
RecordDate
PaymentDate
Total Per
ShareDistribution
2014
TaxableDividend
2014 Return
ofCapital
10/15/2013 12/31/2013 1/30/2014
$0.3300 $0.110220 $0.219780
2/24/2014 3/31/2014 4/30/2014
$0.3400 $0.113561 $0.226439
5/20/2014 6/30/2014 7/30/2014
$0.3400 $0.113561 $0.226439
7/24/2014 9/30/2014 10/30/2014
$0.3400 $0.113561 $0.226439
2014 Totals $1.3500
$0.450903 $0.899097
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, Bear Creek Country
Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice,
Cream of Wheat, Devonsheer, Don Pepino, Emeril’s,
Grandma’s Molasses, JJ Flats, Joan of Arc,
Las Palmas, MacDonald’s, Maple Grove Farms, Molly
McButter, Mrs. Dash, New York Flatbreads,
New York Style, Old London, Original Tings, Ortega,
Pirate’s Booty, Polaner, Red Devil, Regina, Rickland Orchards,
Sa-són, Sclafani, Smart Puffs, Spring Tree, 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, 866-211-8151orMedia
Relations:Matt Lindberg, 203-682-8214
B and G Foods (NYSE:BGS)
Historical Stock Chart
From Mar 2024 to Apr 2024
B and G Foods (NYSE:BGS)
Historical Stock Chart
From Apr 2023 to Apr 2024