Thursday, May 24, 2018

Dividend Increase – Flowers Foods, Inc. (FLO)

Today the Board of Directors of Flowers Foods, Inc. announced a quarterly dividend increase of from $ 0.17 to $ 0.18 per share that’s payable June 21, 2018 to holders of record June 7, 2018. This represents a 5.88% increase to regular quarterly dividends. With current price $ 19.81 (todays open), this raise brings their dividend yield to 3.63%.

"This dividend increase reflects confidence by Flowers' board and management team in the company's long-term ability to generate solid cash flows and deliver value to shareholders," said Allen L. Shiver, Flowers Foods' president and CEO. "As we make significant progress with our strategic initiatives under Project Centennial, we intend to use our strong financial position to support brand growth, make capital investments, deliver shareholder returns, and pursue strategic acquisitions."
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%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long FLO

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