B&G Foods Increases Quarterly Dividend by 10.3 Percent
PARSIPPANY, N.J. -- July 25, 2013
B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has
increased the Company’s quarterly cash dividend rate by 10.3% from $0.29 per
share of common stock to $0.32 per share of common stock. On an annualized
basis, the dividend increases from $1.16 per share to $1.28 per share. The
quarterly dividend declared today is payable on October 30, 2013, to
shareholders of record as of September 30, 2013.
At the closing market price of the common stock on July 25, 2013, the new
dividend rate represents an annualized yield of 3.7%. This is the 36^th
consecutive quarterly dividend declared by the Board of Directors since
B&GFoods’ initial public offering in October 2004.
“Today our Board of Directors expressed its continuing confidence in our base
business, strong cash flows and our recent acquisitions by increasing our
dividend by 10.3%,” stated DavidL.Wenner, President and Chief Executive
Officer of B&G Foods. “Dividend growth remains a key component of B&GFoods’
total shareholder return.”
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, NewJersey, B&GFoods’
products are marketed under many recognized brands, including Ac’cent, B&G,
B&M, Baker’sJoy, Brer Rabbit, Cream of Rice, Cream of Wheat, Devonsheer, Don
Pepino, Emeril’s, Grandma’sMolasses, JJFlats, Joan of Arc, Las Palmas,
MapleGrove Farms, Molly McButter, Mrs. Dash, NewYork Style, OldLondon,
Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil, Regina, Sa-són,
Sclafani, SmartPuffs, Sugar Twin, Trappey’s, TrueNorth, Underwood, Vermont
Maid and Wright’s. B&GFoods also sells and distributes two branded household
products, StaticGuard and Kleen Guard.
Don Duffy, 866-211-8151
Matt Lindberg, 203-682-8214
Press spacebar to pause and continue. Press esc to stop.