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

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, August 28th. Shareholders of record on Friday, September 11th will be given a dividend of 0.125 per share on Friday, September 25th. This represents a c) annualized dividend and a 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%annually over the last three years and has increased its dividend annually for the last 24 consecutive years. Flowers Foods has a dividend payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Research 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%

FLO opened at $7.11 on Friday. Flowers Foods has a 52 week low of $6.80 and a 52 week high of $15.14. The business has a 50 day moving average price of $7.73 and a two-hundred day moving average price of $8.27. 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 company has a market cap of $1.51 billion, a PE 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 company 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%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, research analysts anticipate that Flowers Foods will post 0.79 EPS for the current year.

About Flowers Foods

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.