B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2017
February 07 2018 - 6:04PM
Business Wire
B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment
for dividends paid in 2017 on the Company’s common stock. Holders
are urged to check their 2017 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 2017 is posted to the Investors section of B&G Foods’
website, www.bgfoods.com, under the heading “FAQs.” Holders are
also urged to consult their own tax advisors to determine their
individual tax treatment.
In 2017, B&G Foods distributed $1.8600 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 30.456% (or $0.566472 per share) will be treated as a
taxable dividend and approximately 69.544% (or $1.293528 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 2017 on the Company’s common stock.
DeclarationDate
RecordDate
PaymentDate
Total Per
ShareDistribution
2017
TaxableDividend
2017 Return
ofCapital
11/3/2016 12/30/2016 1/30/2017
$0.465 $0.141618 $0.323382
2/21/2017 3/31/2017 5/1/2017
$0.465 $0.141618 $0.323382
5/23/2017 6/30/2017 7/31/2017
$0.465 $0.141618 $0.323382
8/1/2017 9/29/2017 10/30/2017
$0.465 $0.141618 $0.323382
2017 Totals $1.8600
$0.566472 $1.293528
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, Green Giant, Las Palmas,
Le Sueur, Mama Mary’s, Maple Grove Farms,
Mrs. Dash, New York Style, Ortega,
Pirate’s Booty, Polaner, SnackWell’s, 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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