5.6% Dividend Increase from Flowers Foods (FLO)
Dividend Increase Announcement
On May 23rd, Flowers Foods announced a dividend increase of 5.6%. This will increase their dividend per quarter from $0.18 to $0.19. It is payable on June 21st for shareholders of record on June 7th. The new quarterly dividend represents an annualized dividend amount of $0.76 per share as compared to the current annualized dividend amount of $0.72 per share.
Flowers Foods Dividend Information
Annual Dividend: $0.76
Dividend Yield: 3.29%
Dividend Growth History: 13 years
Dividend Increase Effect On More Dividends
I am currently holding 35.282 shares of Flowers Foods. With this 5.6% increase, it will add $1.41 to my Projected Annual Dividend Income and thats not taking into account the compounding factor!
Conclusion
Flowers Foods has grown into a great holding of mine. I originally acquired the shares when the companies was having a lot of bad PR. I quickly noticed that despite the bad PR, it didn’t affect the companies core business. I made an initial purchase but now I regret not building a larger position before the price started moving upwards.
The company has continued to increase their dividend since I started the position. The foreseeable future still looks great for the company. I would love to get an oppurtunity to add to the position if it drops back down below my cost basis. Until then I will continue to be patient.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Flowers Foods? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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