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B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2012



  B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2012

Business Wire

PARSIPPANY, N.J. -- January 18, 2013

B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for dividends
paid in 2012 on the Company’s common stock. Holders are urged to check their
2012 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 2012
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 2012, B&G Foods distributed $1.0400 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 41.815% (or $0.4349 per share) will
be treated as a taxable dividend and approximately 58.185% (or $0.6051 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 2012 on the
Company’s common stock.

                                                                             
Declaration     Record         Payment        Total Per        2012         2012
                                              Share            Taxable      Return
Date            Date           Date           Distribution     Dividend     of
                                                                            Capital
                                                                             
10/18/2011      12/30/2011     1/30/12        $0.2300          $0.0962      $0.1338
2/15/2012       3/30/2012      4/30/2012      $0.2700          $0.1129      $0.1571
5/15/2012       6/29/2012      7/30/2012      $0.2700          $0.1129      $0.1571
7/26/2012       9/28/2012      10/30/2012     $0.2700          $0.1129      $0.1571
 
2012 Totals                                   $1.0400          $0.4349      $0.6051
                                                                             

About B&G Foods, Inc.

B&G Foods and its subsidiaries manufacture, sell and distribute a diversified
portfolio of high-quality, shelf-stable foods across the United States, Canada
and Puerto Rico. B&G Foods’ products include hot cereals, fruit spreads,
canned meats and beans, spices, seasonings, marinades, hot sauces, wine
vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, taco
shells and kits, salsas, pickles, peppers and other specialty food products.
B&G Foods competes in the retail grocery, food service, specialty, private
label, club and mass merchandiser channels of distribution. 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, Ortega, Polaner, Red Devil, Regina,
Sa-són, Sclafani, Sugar Twin, Trappey’s, Underwood, Vermont Maid and Wright’s.
B&G Foods also sells and distributes two branded household products, Static
Guard and Kleen Guard.

IRS Circular 230 Disclosure

The discussion contained in this press release as to tax matters is not
intended or written to be used, and cannot be used, for the purpose of
avoiding United States federal income tax penalties. Such discussion is
written to support the promotion or marketing of the transactions or matters
addressed in this press release. Each taxpayer should seek advice based on the
taxpayer’s particular circumstances from an independent tax advisor.

Contact:

ICR, Inc.
Investor Relations:
Don Duffy, 866-211-8151
or
Media Relations:
Matt Lindberg, 203-682-8214
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