B&G Foods, Inc. (BGS) To Go Ex-Dividend on December 31st

B&G Foods, Inc. (NYSE:BGS) announced a quarterly dividend on Tuesday, October 28th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.19 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 16.6%. The ex-dividend date is Wednesday, December 31st.

B&G Foods has decreased its dividend payment by an average of 0.2%annually over the last three years. B&G Foods has a dividend payout ratio of 126.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect B&G Foods to earn $0.67 per share next year, which means the company may not be able to cover its $0.76 annual dividend with an expected future payout ratio of 113.4%.

B&G Foods Stock Up 0.6%

B&G Foods stock opened at $4.57 on Monday. B&G Foods has a fifty-two week low of $3.67 and a fifty-two week high of $8.06. The company has a debt-to-equity ratio of 4.29, a quick ratio of 1.30 and a current ratio of 3.20. The firm’s 50-day simple moving average is $4.50 and its 200 day simple moving average is $4.42. The stock has a market cap of $365.11 million, a PE ratio of -1.44 and a beta of 0.40.

B&G Foods (NYSE:BGS) last posted its earnings results on Wednesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The firm had revenue of $439.30 million for the quarter, compared to analysts’ expectations of $435.47 million. B&G Foods had a negative net margin of 13.61% and a positive return on equity of 8.50%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. B&G Foods has set its FY 2025 guidance at 0.500-0.580 EPS. Research analysts predict that B&G Foods will post 0.7 EPS for the current fiscal year.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.