Flowers Foods, Inc. (NYSE:FLO) Plans $0.12 Quarterly Dividend

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, August 28th. Stockholders of record on Friday, September 11th will be given a dividend of 0.125 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, September 11th.

Flowers Foods has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 24 years. Flowers Foods has a dividend payout ratio of 44.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Flowers Foods to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 58.8%.

Flowers Foods Stock Up 1.9%

Shares of FLO traded up $0.13 during mid-day trading on Friday, reaching $7.11. 5,155,301 shares of the stock traded hands, compared to its average volume of 6,285,272. The stock has a fifty day simple moving average of $7.74 and a 200 day simple moving average of $8.28. Flowers Foods has a 12-month low of $6.80 and a 12-month high of $15.14. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 27.35 and a beta of 0.40.

Flowers Foods (NYSE:FLO) last announced its earnings results on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. Flowers Foods’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Sell-side analysts expect that Flowers Foods will post 0.79 EPS for the current fiscal year.

Flowers Foods Company Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.