B&G Foods Restructures Rewards to Shareholders Amidst Uncertainty

B&G Foods, Inc. -1.57%
Cal-Maine Foods, Inc. -0.19%

B&G Foods, Inc.

BGS

9.40

-1.57%

Cal-Maine Foods, Inc.

CALM

58.18

-0.19%

By the end of today, January 30, 2024, B&G Foods (NYSE:BGS) is set to deliver a dividend payout of $0.19 per share, equating to an annualized dividend yield of 9.13%. Shareholders who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.

B&G Foods Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-12-28 4 $0.19 9.13% 2023-11-13 2023-12-29 2024-01-30
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

With the highest dividend yield among its industry peers, B&G Foods outshines Cal-Maine Foods (NASDAQ:CALM), who have an annualized dividend yield of 5.60%.

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 2020 to 2023, with the dividend per share decreasing from $1.90 to $0.76. 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

The earnings chart displays a decline in B&G Foods's earnings per share, decreasing from $2.19 in 2020 to $1.09 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.

Recap

This article takes an in-depth look at B&G Foods's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.19 per share today, translating to an annualized dividend yield of 9.13%.

With the highest dividend yield among its industry peers, B&G Foods outshines Cal-Maine Foods, who have an annualized dividend yield of 5.60%.

Given that B&G Foods has experienced a decrease in dividend per share from 2020 to 2023 along with a decrease in earnings per share, it could indicate that the company is facing challenges in its financial standing, and there may be limitations in continuing to distribute profits to their investors at the same level.

To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.

[See current stock movements 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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