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

Key Points

• Flowers Foods declared a quarterly dividend of $0.125 per share, payable September 25 to shareholders of record on September 11. The dividend implies a roughly 7.0% annualized yield, and the company has raised its dividend for 24 consecutive years.
• The dividend appears supported by earnings, with a current payout ratio of 44.2% and an expected future payout ratio of 58.8%. Analysts project approximately $0.85 in earnings per share next year against a $0.50 annual dividend.
• Flowers Foods’ latest quarter fell short of expectations: adjusted earnings were $0.21 per share versus a $0.22 consensus, while revenue declined 4.0% year over year to $1.19 billion. Shares traded at $7.11, near the company’s 52-week low.

Flowers Foods, Inc. (NYSE:FLO - Get Free Report) declared a quarterly dividend on Friday, August 28th. Investors of record on Friday, September 11th will be paid a dividend of 0.125 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, September 11th.

Flowers Foods has raised its dividend 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 44.2% indicating that 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 Trading Up 1.9%

NYSE FLO traded up $0.13 during mid-day trading on Friday, reaching $7.11. 5,155,301 shares of the stock were exchanged, compared to its average volume of 6,285,272. Flowers Foods has a 1-year low of $6.80 and a 1-year high of $15.14. The business's fifty day simple moving average is $7.74 and its 200 day simple moving average is $8.28. The stock has a market capitalization of $1.51 billion, a PE ratio of 27.35 and a beta of 0.40. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.77.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly 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). Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The company's revenue was down 4.0% on a year-over-year basis. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. On average, research analysts anticipate that Flowers Foods will post 0.79 earnings per share for the current fiscal year.

Insider Transactions at Flowers Foods

In other Flowers Foods news, CFO Diego Anthony Scaglione bought 5,000 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of $7.51 per share, with a total value of $37,550.00. Following the transaction, the chief financial officer owned 194,180 shares in the company, valued at $1,458,291.80. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 7.23% of the company's stock.

Institutional Investors Weigh In On Flowers Foods

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Flowers Foods by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 21,091,556 shares of the company's stock valued at $229,476,000 after purchasing an additional 736,624 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Flowers Foods during the second quarter worth about $273,587,000. Commonwealth Equity Services LLC boosted its position in shares of Flowers Foods by 1,515.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 357,726 shares of the company's stock worth $3,892,000 after buying an additional 335,582 shares during the period. Bank of America Corp DE boosted its position in shares of Flowers Foods by 21.1% in the first quarter. Bank of America Corp DE now owns 1,862,467 shares of the company's stock worth $15,179,000 after buying an additional 324,229 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Flowers Foods by 144.8% in the first quarter. Y Intercept Hong Kong Ltd now owns 341,394 shares of the company's stock valued at $2,782,000 after buying an additional 201,946 shares in the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

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