Dividend Increase Announcement
On May 21st, Flowers Foods announced a dividend increase of 5.3%. This will increase their dividend per quarter from $0.19 to $0.20. It is payable on June 19th for shareholders of record on June 5th. The new quarterly dividend represents an annualized dividend amount of $0.80 per share as compared to the current annualized dividend amount of $0.76 per share.
Flowers Foods Dividend Information
Annual Dividend: $0.80
Dividend Yield: 3.53%
Dividend Growth History: 15 years
Payout Ratio: 70.6%
Dividend Increase Effect On More Dividends
I am currently holding 36.523 shares of Flowers Foods in the More Dividends portfolio. With this 5.3% increase it will add an additional $1.46 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Flowers Foods is a great company. I started this position several years ago when the company was chin deep in litigation. Despite, what was being published in the headlines I knew that it would be a good stock to own for many years to come.
Since then, the price has definitely fluctuated but the company has continued to increase their dividend which has been making me very happy as an investor.
I will continue to hold this stock for many more years to come. If the share price were to drop back to my cost basis I would have no worries buying some more shares!!!
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 Johnson and Johnson? 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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