B&G Foods Makes Changes to Payouts to Reflect Current Market Conditions

B&G Foods, Inc. +0.96%
Cal-Maine Foods, Inc. +0.02%

B&G Foods, Inc.

BGS

9.43

+0.96%

Cal-Maine Foods, Inc.

CALM

57.42

+0.02%

Investors eagerly anticipate the dividend payout from B&G Foods (NYSE:BGS) on October 30, 2023. With a payout of $0.19 per share and an annualized dividend yield of 5.73%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on September 28, 2023

B&G Foods Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-09-28 4 $0.19 5.73% 2023-08-01 2023-09-29 2023-10-30
2023-06-29 4 $0.19 5.73% 2023-05-16 2023-06-30 2023-07-31
2023-03-30 4 $0.19 6.04% 2023-02-27 2023-03-31 2023-05-01
2022-12-29 4 $0.19 5.01% 2022-11-09 2022-12-30 2023-01-30
2022-09-29 4 $0.47 7.69% 2022-08-01 2022-09-30 2022-10-31
2022-06-29 4 $0.47 7.91% 2022-05-17 2022-06-30 2022-08-01
2022-03-30 4 $0.47 6.19% 2022-02-28 2022-03-31 2022-05-02
2021-12-30 4 $0.47 6.28% 2021-11-02 2021-12-31 2022-01-31
2021-09-29 4 $0.47 6.59% 2021-08-03 2021-09-30 2021-11-01
2021-06-29 4 $0.47 6.54% 2021-05-18 2021-06-30 2021-07-30
2021-03-30 4 $0.47 6.26% 2021-03-01 2021-03-31 2021-04-30
2020-12-30 4 $0.47 6.81% 2020-10-27 2020-12-31 2021-02-01

B&G Foods's dividend yield falls in the middle range when compared to its industry peers, with Cal-Maine Foods (NASDAQ:CALM) having the highest annualized dividend yield at 9.46%.

Analyzing B&G Foods Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

The company experienced a decrease in dividend per share from 2019 to 2022, with the dividend per share decreasing from $1.90 to $1.62. This decline in dividends is concerning for investors and demands further analysis to determine the contributing factors.

YoY Earnings Growth For B&G Foods

earning chart graph

Investors can observe a decrease in B&G Foods's earnings per share from $1.70 in 2019 to $1.11 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.

Recap

This article delves into the recent dividend payout of B&G Foods and its implications for shareholders. Presently, the company is distributing a dividend of $0.19 per share, leading to an annualized dividend yield of 5.73%.

B&G Foods's dividend yield falls in the middle range when compared to its industry peers, with Cal-Maine Foods having the highest annualized dividend yield at 9.46%.

The decline in dividend per share and earnings per share for B&G Foods from 2019 to 2022 could signify a challenging financial situation, requiring careful consideration in terms of future profit distributions to shareholders.

Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.

[Monitor live stock price updates for B&G Foods on Benzinga.](https://www.benzinga.com/quote/B&G Foods (NYSE: BGS))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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