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

Key Points

• B&G Foods declared a quarterly dividend of $0.095 per share, payable January 26 to shareholders of record December 31. The annualized dividend is $0.38, representing an estimated 18.5% yield.
• The dividend appears covered by earnings, with a current payout ratio of 63.3% and analysts expecting approximately $0.58 in next-year EPS versus the $0.38 annual dividend.
• B&G Foods faces significant financial pressure: shares opened at $2.06 near their 12-month low, revenue fell 9.7% year over year in the latest quarter, and debt-to-equity stood at 5.08.

B&G Foods, Inc. (NYSE:BGS - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.0950 per share on Tuesday, January 26th. This represents a $0.38 dividend on an annualized basis and a yield of 18.5%. The ex-dividend date of this dividend is Thursday, December 31st.

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 dividend payout ratio of 63.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect B&G Foods to earn $0.58 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 65.5%.

B&G Foods Stock Performance

NYSE BGS opened at $2.06 on Thursday. B&G Foods has a twelve month low of $1.99 and a twelve month high of $6.38. The stock has a market cap of $167.02 million, a P/E ratio of -2.31 and a beta of 0.52. The company's 50-day simple moving average is $2.89 and its 200 day simple moving average is $4.11. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 5.08.

B&G Foods (NYSE:BGS - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $383.27 million during the quarter, compared to the consensus estimate of $394.92 million. B&G Foods had a positive return on equity of 10.74% and a negative net margin of 4.00%. B&G Foods's revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. As a group, research analysts forecast that B&G Foods will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On B&G Foods

Large investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new stake in B&G Foods in the 2nd quarter valued at $1,601,000. Corient Private Wealth LP bought a new position in B&G Foods in the second quarter valued at approximately $1,905,000. Renaissance Technologies LLC lifted its position in shares of B&G Foods by 395.1% during the 1st quarter. Renaissance Technologies LLC now owns 420,800 shares of the company's stock worth $2,024,000 after buying an additional 335,800 shares during the last quarter. Quantinno Capital Management LP increased its position in B&G Foods by 58.6% during the 1st quarter. Quantinno Capital Management LP now owns 629,032 shares of the company's stock worth $3,026,000 after purchasing an additional 232,351 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in shares of B&G Foods during the second quarter worth $1,000,000. 66.15% of the stock is owned by institutional investors.

About B&G Foods

B&G Foods, Inc is a branded food company headquartered in Parsippany, New Jersey. The company manufactures, sells and distributes a portfolio of shelf-stable, frozen and specialty food products through grocery stores, mass merchandisers, club stores, foodservice distributors and e-commerce channels.

Its products include vegetables, beans, pickles, condiments, sauces, spices, seasonings, baking products, hot cereals, snacks and frozen foods. B&G Foods' brand portfolio has included Ortega Mexican foods, Cream of Wheat, Mrs.

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