B&G Foods, Inc. Plans Quarterly Dividend of $0.10 (NYSE:BGS)

B&G Foods, Inc. (NYSE:BGS) declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.095 per share on Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

B&G Foods has decreased its dividend payment by an average of 0.2%annually over the last three years. B&G Foods has a payout ratio of 126.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect B&G Foods to earn $0.59 per share next year, which means the company may not be able to cover its $0.76 annual dividend with an expected future payout ratio of 128.8%.

B&G Foods Stock Down 12.1%

Shares of B&G Foods stock traded down $0.62 during trading on Wednesday, hitting $4.46. 4,166,801 shares of the stock traded hands, compared to its average volume of 2,065,769. The stock’s fifty day simple moving average is $5.25 and its 200 day simple moving average is $4.81. B&G Foods has a 52-week low of $3.67 and a 52-week high of $6.38. The company has a current ratio of 3.32, a quick ratio of 1.43 and a debt-to-equity ratio of 4.30. The firm has a market cap of $358.23 million, a P/E ratio of -8.27 and a beta of 0.58.

B&G Foods (NYSE:BGS) last posted its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. B&G Foods had a positive return on equity of 8.43% and a negative net margin of 2.37%.The company had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. On average, equities analysts predict that B&G Foods will post 0.54 earnings per share for the current fiscal year.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.