Today the Board of Directors of Flowers Foods, Inc. announced a quarterly dividend increase of from $ 0.16 to $ 0.17 per share that’s payable June 23, 2017 to holders of record June 9, 2017. This represents a 6.3% increase to regular quarterly dividends. With current price $ 18.74 (todays open), this raise brings their dividend yield to 3.63%.
Since I own 185 shares of FLO, this will increase my portfolio's projected annual net dividend income by $ 5.51.
That increase rises my YOC to 4.44%.
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Yup love it got a nice little raise also. Every little raise helps
ReplyDeleteII was a bit surprised with the size of the raise. Love it. Hopefully they can grow their earnings and get the payout ratio to shrink a bit from here.
ReplyDeleteHawk -
ReplyDeleteCongrats on the increase!!
-Lanny