B&G Foods Makes Changes to Payouts to Reflect Current Market Conditions
B&G Foods, Inc. BGS | 8.01 | +2.17% |
Cal-Maine Foods, Inc. CALM | 90.45 | +1.06% |
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
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
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
