PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE:BGS) announced today that its Board of Directors has increased the Company’s quarterly cash dividend rate by 3.0% from $0.33 per share of common stock to $0.34 per share of common stock. On an annualized basis, the dividend increases from $1.32 per share to $1.36 per share. The quarterly dividend declared today is payable on April 30, 2014, to shareholders of record as of March 31, 2014.
At the closing market price of the common stock on February 24, 2014, the new dividend rate represents an annualized yield of 4.5%. This is the 38th consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent, B&G, B&M, Baker’s Joy, Brer Rabbit, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril’s, Grandma’s Molasses, JJ Flats, Joan of Arc, Las Palmas, Maple Grove Farms, Molly McButter, Mrs. Dash, New York Style, Old London, Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Sugar Twin, Trappey’s, TrueNorth, Underwood, Vermont Maid and Wright’s. B&G Foods also sells and distributes two branded household products, Static Guard and Kleen Guard.