Flowers Foods, Inc. (FLO) Announces $0.17 Quarterly Dividend

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, August 18th, RTT News reports. Stockholders of record on Friday, September 1st will be given a dividend of 0.17 per share on Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.84%.

Flowers Foods has raised its dividend by an average of 15.4% annually over the last three years and has increased its dividend every year for the last 11 years. Flowers Foods has a dividend payout ratio of 79.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Flowers Foods to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 73.9%.

Flowers Foods (NYSE FLO) traded up 0.06% during mid-day trading on Friday, hitting $17.72. The stock had a trading volume of 161,740 shares. Flowers Foods has a one year low of $14.51 and a one year high of $21.00. The stock has a market cap of $3.71 billion, a PE ratio of 23.35 and a beta of 0.97. The firm’s 50-day moving average is $17.55 and its 200 day moving average is $18.75.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $926.64 million for the quarter, compared to the consensus estimate of $931.26 million. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. Flowers Foods’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. Equities research analysts expect that Flowers Foods will post $0.85 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/08/18/flowers-foods-inc-flo-announces-0-17-quarterly-dividend.html.

A number of research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Jefferies Group LLC downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $23.00 to $19.00 in a report on Friday, July 28th. TheStreet upgraded shares of Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.67.

In other news, Chairman Amos R. Mcmullian bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $358,200.00. Following the acquisition, the chairman now directly owns 3,643,717 shares of the company’s stock, valued at approximately $65,258,971.47. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 15.81% of the company’s stock.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

Dividend History for Flowers Foods (NYSE:FLO)

What are top analysts saying about Flowers Foods Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Flowers Foods Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit