B&G Foods, Inc. (NYSE:BGS) Announces Quarterly Dividend of $0.10

B&G Foods, Inc. (NYSE:BGS) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.095 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Wednesday, September 30th.

B&G Foods has decreased its dividend by an average of 0.2%per year over the last three years. B&G Foods has a payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Analysts expect B&G Foods to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 57.6%.

B&G Foods Trading Down 0.7%

BGS stock traded down $0.03 during mid-day trading on Wednesday, hitting $3.54. 1,948,098 shares of the company were exchanged, compared to its average volume of 2,099,653. B&G Foods has a 12-month low of $3.42 and a 12-month high of $6.38. The firm has a market capitalization of $286.94 million, a P/E ratio of -3.68 and a beta of 0.49. The business has a fifty day simple moving average of $3.87 and a 200-day simple moving average of $4.59. The company has a quick ratio of 1.42, a current ratio of 2.99 and a debt-to-equity ratio of 4.96.

B&G Foods (NYSE:BGS) last announced its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a positive return on equity of 9.67% and a negative net margin of 4.23%.The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. On average, equities research analysts predict that B&G Foods will post 0.57 earnings per share 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.