B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2020
February 20 2021 - 8:51PM
Business Wire
B&G Foods, Inc. (NYSE: BGS) today explained the tax
treatment for dividends paid in 2020 on the Company’s common stock.
Holders are urged to check their 2020 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 2020 is posted to the Investors section of B&G Foods’
website, www.bgfoods.com, under the headings “FAQs” and “IRS Form
8937.” Holders are also urged to consult their own tax advisors to
determine their individual tax treatment.
In 2020, B&G Foods distributed $1.90000 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, 74.95153%
(or $1.42408 per share) will be treated as a taxable dividend and
25.04847% (or $0.47592 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 2020 on the Company’s common stock.
Declaration
Date
Record
Date
Payment
Date
Total Per
Share Distribution
2020
Taxable Dividend
2020 Return
of Capital
10/29/2019
12/31/2019
1/30/2020
$0.47500
$0.35602
$0.11898
2/24/2020
3/31/2020
4/30/2020
$0.47500
$0.35602
$0.11898
5/13/2020
6/30/2020
7/30/2020
$0.47500
$0.35602
$0.11898
7/28/2020
9/30/2020
10/30/2020
$0.47500
$0.35602
$0.11898
2020 Totals
$1.90000
$1.42408
$0.47592
About B&G Foods, Inc.
Based in Parsippany, New Jersey, B&G Foods and its
subsidiaries manufacture, sell and distribute high-quality, branded
shelf-stable and frozen foods across the United States, Canada and
Puerto Rico. With B&G Foods’ diverse portfolio of more than 50
brands you know and love, including Back to Nature, B&G,
B&M, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le
Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega,
Polaner, Spice Islands and Victoria, there’s a little something for
everyone. For more information about B&G Foods and its brands,
please visit www.bgfoods.com.
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Investor Relations: ICR, Inc. Dara Dierks 866.211.8151
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