THOMASVILLE, Ga., Nov. 18, 2016 /PRNewswire/ -- Flowers Foods
(NYSE: FLO) today announced that its board of directors has
declared a quarterly dividend of $0.16 per share, an increase of 10.3% over the
same quarter last year. This is the 57th consecutive quarterly
dividend paid by the company and is payable on December 16, 2016 to shareholders of record on
December 2, 2016.
"Our board and management team remain confident in the strength
of the company's cash flow and financial position, and we recognize
the important role dividends play in delivering shareholder value,"
said Allen L. Shiver, Flowers Foods'
president and CEO.
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:
FLO) is one of the largest producers of fresh packaged bakery foods
in the United States with 2015
sales of $3.8 billion. Flowers
operates bakeries across the country that produce a wide range of
bakery products. Among the company's top brands are Nature's
Own, Wonder, Tastykake, and Dave's Killer
Bread. Learn more at www.flowersfoods.com.
Forward-Looking Statements
Statements contained in
this press release that are not historical facts are
forward-looking statements. Forward-looking statements relate to
current expectations regarding our future financial condition,
performance and results of operations, planned capital
expenditures, long-term objectives of management, supply and
demand, pricing trends and market forces, and integration plans and
expected benefits of transactions and are often identified by the
use of words and phrases such as "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"predict," "project," "should," "will," "would," "is likely to,"
"is expected to" or "will continue," or the negative of these terms
or other comparable terminology. All forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ from those projected. Other factors that may cause actual
results to differ from the forward-looking statements contained in
this release and that may affect the company's prospects in general
include, but are not limited to (a) competitive conditions in the
baked foods industry, including promotional and price competition,
(b) changes in consumer demand for our products, including changes
in consumer behavior, trends and preferences, including health and
whole grain trends, and the movement toward more inexpensive
store-branded products, (c) the success of productivity
improvements and new product introductions, (d) a significant
reduction in business with any of our major customers including a
reduction from adverse developments in any of our customer's
business, (e) fluctuations in commodity pricing, (f) energy and raw
material costs and availability and hedging and counterparty risk,
(g) our ability to fully integrate recent acquisitions into our
business, (h) our ability to achieve cash flow from capital
expenditures and acquisitions and the availability of new
acquisitions that build shareholder value; (i) consolidation within
the baking industry and related industries; (j) disruptions in our
direct-store delivery system, including litigation or an adverse
ruling from a court or regulatory or government body that could
affect the independent contractor classification of our independent
distributors, and (k) the failure of our information technology
systems to perform adequately, including any interruptions,
intrusions or security breaches of such systems. The foregoing list
of important factors does not include all such factors, nor
necessarily present them in order of importance. In addition, you
should consult other disclosures made by the company, including the
risk factors included in our most recently filed Annual Report on
Form 10-K and Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission ("SEC") and disclosures made in
other filings with the SEC and company press releases, for other
factors that may cause actual results to differ materially from
those projected by the company. We caution you not to place undue
reliance on forward-looking statements, as they speak only as of
the date made and are inherently uncertain. The company undertakes
no obligation to publicly revise or update such statements, except
as required by law.
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SOURCE Flowers Foods, Inc.