B&G Foods, Inc.’s BGSboard of directors announced a 2.2% hike in the company's quarterly dividend rate to 47.5 cents from 46.5 cents paid earlier, in a bid to reward its shareholders. The new dividend is scheduled to be paid on Jul 30 to its shareholders of record as of Jun 29, 2018.
Based on the increased rate, the annual dividend comes to $1.
Solid dividend payouts perhaps remain the biggest incentive for this food company and the company remains committed to boost its shareholders’ wealth. This cash dividend payment represents the 55th consecutive dividend distribution of the company since its initial public offering in October 2004. An income-generating and high dividend-yielding stock has always been on the investors’ desired list.