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 2.2% from $0.465 per share of common stock to $0.475 per share of common stock. On an annualized basis, the dividend increases from $1.86 per share to $1.90 per share. The quarterly dividend declared today is payable on July 30, 2018 to shareholders of record as of June 29, 2018.
At the closing market price of the common stock on May 22, 2018, the new dividend rate represents an annualized yield of 7.2%. This is the 55th consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.
About B&G Foods, Inc.
Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Pirate’s Booty, Polaner, SnackWell’s, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.