Recently, Flowers Foods announced that they would be increasing their quarterly dividend from $0.16 to $0.17 per share which represents a 6.3% increase in the quarterly dividend. I love when I get a raise for doing absolutely nothing, no matter how small it is. This dividend increase will only increase my PADI by $1.32. That is not accounting for the compounding factor.
When I see companies that I own stock in making these increases, it just reminds me that I made a good decision when I decided to invest in them in the first place. Flowers Foods is a great company that I was able to purchase at a nice price because of volatility that was created because of some bad press at the time. Check out the following link if your interested in reading about my purchase of Flower Foods.
Are you currently holding shares of Flower Foods? I would love to hear your thoughts on this dividend increase or the company in general.
Click on the following link to read the Official Press Release from Flowers Foods.