As announced in a separate press release the Company issued, beginning with the dividend payment declared on May 11, 2026 and payable on July 30, 2026, the current intended dividend rate for the Company’s common stock has been reduced from $0.76 per share per annum to $0.38 per share per annum. Based upon the new current intended dividend rate of $0.38 per share per annum and the current number of outstanding shares, the Company expects the Company’s aggregate dividend payments to be approximately $46.0 million in fiscal 2026 and $30.8 million in fiscal 2027.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BGS:
- B&G Foods options imply 7.2% move in share price post-earnings
- B&G Foods Announces Executive Departures and Interim Leadership Shift
- B&G Foods price target raised to $6 from $5 at Barclays
- B&G Foods Earnings Call: Reshaping Portfolio Amid Strain
- B&G Foods Finalizes Acquisition of Del Monte Broth Brands