5.6% Dividend Increase from Flowers Foods (FLO)

Flowers Foods

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





Be sure and follow me on your favorite social media platform:
MoreDividendsdotcom on Facebook
@MoreDividends on Twitter

If you would like to receive an email whenever I publish a new article:



Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge