On Thursday, May 22nd the Board of Directors of Flowers Foods, Inc. (FLO) announced a quarterly dividend increase of from $0.24 to $0.2475 per share, that’s payable June 19, 2025 to holders of record June 5, 2025. This represents a 3.13% increase over the last quarterly dividend.
“Flowers has an admirable track record of dividend increases driven by the company’s solid cash flow generation,” said Ryals McMullian, chairman and CEO of Flowers Foods. “Today’s announcement reflects the board’s confidence in Flowers’ strategy and ability to enhance shareholder value over time.”
At the current price of $16.59 (yesterday's close), this increase will raise FLO's dividend yield to 5.97%.
Flowers Foods is a Dividend Contenders with a 23 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 4.4, 4.6, 4.8 and 7.0 (Dividend Champions.xls)
As an owner of 185 shares of Flowers Foods, the recent dividend increase adds $4.13 to my projected annual net dividend income.
I was expecting an increase of one cent, or about 4.2%, as has been the case for several years, so the announced raise was slightly below my expectations — but I'm happy to accept it.
This recent dividend increase marks the 9th consecutive raise I’ve received from Flowers Foods since I acquired my first shares in August 2016. Over this period, FLO’s quarterly dividend has grown in line with expectations from $0.16 to $0.2475 per share, reflecting a 54.7% increase.
The moment of writing, FLO’s weight of my portfolio is about 0.39% and its share of future annual dividend income is approximately 0.53%.
Following this increase, my yield on cost is 6.47%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long FLO
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