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

B&G Foods, Inc. (NYSE:BGS) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Tuesday, June 30th will be given a dividend of 0.095 per share on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Tuesday, June 30th.

B&G Foods has decreased its dividend payment by an average of 0.2%per year over the last three years. B&G Foods has a dividend 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. Research 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 Performance

BGS traded down $0.66 during trading on Wednesday, hitting $4.42. The stock had a trading volume of 4,303,399 shares, compared to its average volume of 2,068,017. The firm has a market cap of $355.01 million, a PE ratio of -8.21 and a beta of 0.58. The company has a current ratio of 3.32, a quick ratio of 1.43 and a debt-to-equity ratio of 4.30. B&G Foods has a 12 month low of $3.67 and a 12 month high of $6.38. The company has a 50 day simple moving average of $5.25 and a 200-day simple moving average of $4.81.

B&G Foods (NYSE:BGS) last issued its quarterly 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. The company had revenue of $365.13 million for the quarter, compared to the consensus estimate of $398.81 million. B&G Foods had a positive return on equity of 8.43% and a negative net margin of 2.37%.The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. Analysts expect that B&G Foods will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on BGS shares. TD Cowen reaffirmed a “sell” rating on shares of B&G Foods in a research report on Wednesday, March 4th. Evercore set a $5.00 price objective on shares of B&G Foods in a research note on Wednesday, March 4th. Finally, Barclays boosted their target price on shares of B&G Foods from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $4.88.

B&G Foods Company Profile

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.