B&G Foods, Inc. (BGS) To Go Ex-Dividend on June 30th

B&G Foods, Inc. (NYSE:BGS) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.095 per share on Thursday, July 30th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

B&G Foods has decreased its dividend by an average of 0.2%annually over the last three years. B&G Foods has a dividend payout ratio of 126.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect B&G Foods to earn $0.59 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 128.8%.

B&G Foods Price Performance

Shares of NYSE:BGS opened at $4.41 on Thursday. The company’s fifty day moving average price is $5.23 and its 200 day moving average price is $4.81. B&G Foods has a 12 month low of $3.67 and a 12 month high of $6.38. The company has a debt-to-equity ratio of 4.30, a current ratio of 3.32 and a quick ratio of 1.43. The firm has a market capitalization of $354.21 million, a P/E ratio of -4.59 and a beta of 0.58.

B&G Foods (NYSE:BGS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. B&G Foods had a negative net margin of 4.23% and a positive return on equity of 9.31%. The firm had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. During the same period last year, the business earned $0.04 EPS. B&G Foods’s revenue for the quarter was down 3.9% compared to the same quarter last year. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. As a group, sell-side analysts predict that B&G Foods will post 0.54 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.