Flowers Foods, Inc. (FLO) to Issue Quarterly Dividend of $0.25 on March 20th

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Friday, March 6th will be given a dividend of 0.2475 per share on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, March 6th.

Flowers Foods has increased its dividend payment by an average of 0.0%annually 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 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 Price Performance

Flowers Foods stock opened at $10.07 on Friday. The business has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $12.28. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 0.57. The company has a market capitalization of $2.13 billion, a PE ratio of 25.16 and a beta of 0.33. Flowers Foods has a one year low of $9.44 and a one year high of $20.23.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a return on equity of 16.61% and a net margin of 1.59%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. On average, sell-side analysts forecast that Flowers Foods will post 1.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FLO. Truist Financial decreased their price objective on shares of Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, November 13th. Zacks Research upgraded Flowers Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price objective on shares of Flowers Foods in a research report on Tuesday. Stephens set a $11.00 price objective on Flowers Foods in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Flowers Foods in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Flowers Foods presently has a consensus rating of “Reduce” and an average target price of $12.60.

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.