B&G Foods, Inc. (NYSE:BGS) to Issue $0.10 Quarterly Dividend

Key Points

• B&G Foods declared a quarterly dividend of $0.095 per share, payable October 30 to shareholders of record September 30. The dividend implies an annualized yield of approximately 10.7%, with a payout ratio of 63.3%.
• Analysts expect the company to earn about $0.66 per share next year, which would cover its projected $0.38 annual dividend. However, the latest quarter showed revenue declining 3.9% year over year to $365.1 million, while EPS of $0.08 matched estimates.
• B&G Foods shares traded near $3.54, close to their 52-week low of $3.42, and the company carries substantial leverage with a debt-to-equity ratio of 4.96. Institutional investors own approximately 66.15% of the stock.

B&G Foods, Inc. (NYSE:BGS - Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.095 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Wednesday, September 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 63.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect B&G Foods to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 57.6%.

B&G Foods Stock Performance

NYSE BGS traded down $0.03 during mid-day trading on Wednesday, reaching $3.54. 1,948,098 shares of the stock were exchanged, compared to its average volume of 2,099,653. B&G Foods has a 1 year low of $3.42 and a 1 year high of $6.38. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 2.99. The business's 50 day moving average is $3.87 and its 200-day moving average is $4.59. The company has a market capitalization of $286.94 million, a P/E ratio of -3.68 and a beta of 0.49.

B&G Foods (NYSE:BGS - Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a negative net margin of 4.23% and a positive return on equity of 9.67%. The company's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 EPS. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. On average, equities research analysts forecast that B&G Foods will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On B&G Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in B&G Foods by 502.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company's stock worth $31,000 after buying an additional 6,207 shares during the last quarter. Triumph Capital Management acquired a new position in shares of B&G Foods during the 3rd quarter valued at about $34,000. Federated Hermes Inc. acquired a new position in shares of B&G Foods during the 2nd quarter valued at about $35,000. Versant Capital Management Inc grew its holdings in shares of B&G Foods by 38.5% in the second quarter. Versant Capital Management Inc now owns 10,578 shares of the company's stock valued at $42,000 after purchasing an additional 2,941 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of B&G Foods in the third quarter valued at about $45,000. Institutional investors and hedge funds own 66.15% of the company's stock.

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.

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