B&G Foods, Inc. (NYSE:BGS – Get Free Report) 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) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, June 30th.
B&G Foods has decreased its dividend payment by an average of 0.2%per year over the last three years. B&G Foods has a payout ratio of 126.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Down 12.1%
BGS traded down $0.62 during trading on Wednesday, reaching $4.46. The company had a trading volume of 4,166,801 shares, compared to its average volume of 2,065,769. The stock has a market cap of $358.23 million, a P/E ratio of -8.27 and a beta of 0.58. The business has a 50 day simple moving average of $5.25 and a 200-day simple moving average of $4.81. B&G Foods has a 52 week low of $3.67 and a 52 week high of $6.38. The company has a quick ratio of 1.43, a current ratio of 3.32 and a debt-to-equity ratio of 4.30.
Key B&G Foods News
Here are the key news stories impacting B&G Foods this week:
- Positive Sentiment: B&G Foods reported Q1 adjusted EPS of $0.08, matching Wall Street expectations, and the company raised its full-year 2026 EPS guidance to $0.575-$0.675, signaling management sees improving performance ahead. B&G Foods Reports Financial Results for First Quarter 2026
- Positive Sentiment: The company declared a quarterly dividend of $0.095 per share, which supports the stock’s income appeal and implies an annualized dividend yield of about 7.5% at recent prices. B&G Foods Declares Quarterly Dividend
- Positive Sentiment: Several headlines highlighted that the stock “soared” after the earnings release and guidance update, suggesting investors viewed the quarter and outlook more favorably than expected. B&G Foods soars 11% on better-than-expected Q1 results, guidance
- Neutral Sentiment: B&G Foods is also in the middle of major portfolio changes, including the acquisition of College Inn and Kitchen Basics and the divestiture of Green Giant U.S. frozen, which may help long-term strategy but adds near-term integration and transition risk. B&G Foods Reshapes Portfolio with Divestiture and Acquisition
- Negative Sentiment: Quarterly revenue came in below expectations at $365.1 million versus $398.8 million consensus, and sales fell 3.9% year over year, which likely tempers enthusiasm around the earnings beat. B&G Foods Reports Financial Results for First Quarter 2026
B&G Foods Company Profile
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.
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