Business
B&G Foods Declares Quarterly Dividend
PARSIPPANY, N.J., May 12, 2026--B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors declared yesterday a quarterly cash dividend of $0.095 per share of common stock. The dividend is payable on July 30, 2026 to stockholders of record as of June 30, 2026.
About this update from B&g Foods, Inc.
[{"type":"text","content":"PARSIPPANY, N.J., May 12, 2026--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors declared yesterday a quarterly cash dividend of $0.095 per share of common stock. The dividend is payable on July 30, 2026 to stockholders of record as of June 30, 2026.","length":294,"tagName":"p"},{"type":"text","content":"With yesterday’s action, the new intended dividend rate for B&G Foods’ common stock is $0.380 per share per annum. At the closing market price of the common stock on May 11, 2026, the new intended dividend rate represents an annualized yield of 7.5%. This is the 87th consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.","length":399,"tagName":"p"},{"type":"text","content":"Casey Keller, President and Chief Executive Officer of B&G Foods, stated, "The reduction in our dividend rate approved yesterday by our Board of Directors, which follows a series of divestitures and portfolio reshaping, is consistent with our commitment to reduce our leverage and is designed to position us well for the refinancing of upcoming debt maturities and future growth through accretive acquisitions. The new dividend rate, while still paying a substantial portion of our excess cash to stockholders, provides for a substantial portion of our excess cash to be retained in our business for debt repayment or other business needs that may arise. We believe that the new dividend rate is sustainable in both the short- and long-term and is consistent with our company’s desire to provide stockholders with an attractive and reliable return on their investment."","length":883,"tagName":"p"},{"type":"text","content":"Although the Board of Directors has reduced the dividend rate under B&G Foods’ dividend policy, the Board of Directors has reaffirmed the policy itself. B&G Foods’ dividend policy reflects a basic judgment that its stockholders are better served when B&G Foods distributes a substantial portion of its cash available to pay dividends to them instead of retaining it in the business. Under this policy, a substantial portion of the cash generated by B&G Foods in excess of operating needs, interest and principal payments on indebtedness and capital expenditures sufficient to maintain its properties and other ...