Flowers Foods, Inc. Plans Quarterly Dividend of $0.25 (NYSE:FLO)

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, November 14th. Stockholders of record on Friday, November 28th will be paid a dividend of 0.2475 per share on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, November 28th.

Flowers Foods has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 24 consecutive years. Flowers Foods has a payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Flowers Foods to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.99 annual dividend with an expected future payout ratio of 76.7%.

Flowers Foods Stock Up 0.0%

Flowers Foods stock traded up $0.01 during mid-day trading on Friday, reaching $11.40. The company’s stock had a trading volume of 3,186,453 shares, compared to its average volume of 2,885,212. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26. Flowers Foods has a 12 month low of $11.25 and a 12 month high of $23.04. The business’s 50 day simple moving average is $12.74 and its 200 day simple moving average is $15.01. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.96 and a beta of 0.26.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. As a group, research analysts anticipate that Flowers Foods will post 1.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLO has been the topic of several recent analyst reports. Truist Financial lowered their price target on Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday. DA Davidson restated a “neutral” rating and set a $15.00 target price on shares of Flowers Foods in a report on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Flowers Foods has a consensus rating of “Reduce” and an average target price of $13.67.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.