LONDON, UK / ACCESSWIRE / June 5, 2018 /Active-Investors has a free review on Flowers Foods, Inc. (NYSE: FLO) following the Company's announcement that it will begin trading ex-dividend on June 06, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 05, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on FLO:
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On May 24, 2018, Flowers Foods announced that its Board of Directors has declared a quarterly dividend of $0.18 per share, an increase of 5.9% over the same quarter last year. The dividend is payable on June 21, 2018, to shareholders of record on June 07, 2018.
"This dividend increase reflects confidence by Flowers' board and management team in the Company's long-term ability to generate solid cash flows and deliver value to shareholders," said Allen L. Shiver, Flowers Foods' President and CEO.
Flowers Foods' indicated dividend represents a yield of 3.63%, which is substantially higher than the average dividend yield of 1.96% for the Consumer Goods sector. This is the 63rd consecutive quarterly dividend paid by the Company.
Flowers Foods has a dividend payout ratio of 67.3%, which means that the Company spends approximately $0.67 for dividend distribution out of every $1.00 earned.
The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Flowers Foods is forecasted to report earnings of $1.17 per share for the next year, which is considerably higher than the Company's annualized dividend payout of $0.72 per share.
In Q1 2018, Flowers Foods' cash flow from operating activities was $97.1 million, capital expenditures were $26.6 million, and dividends paid were $36.2 million. During the reported quarter, the Company had a net decrease in debt and capital lease obligations of $1.3 million. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Flowers Foods, Inc.
Headquartered in Thomasville, Georgia, Flowers Foods is one of the largest producers of fresh packaged bakery foods in the United States with 2017 sales of $3.9 billion. Flowers Foods operates bakeries across the country that produce a wide range of bakery products. Among the Company's top brands are Nature's Own, Wonder, Dave's Killer Bread, and Tastykake.
Stock Performance Snapshot
June 01, 2018 - At Monday's closing bell, Flowers Foods' stock climbed 1.36%, ending the trading session at $20.09.
Volume traded for the day: 1.36 million shares, which was above the 3-month average volume of 1.32 million shares.
Stock performance in the previous six-month period – up 0.55%; past twelve-month period – up 7.43%; and year-to-date – up 4.04%
After yesterday's close, Flowers Foods' market cap was at $4.34 billion.
Price to Earnings (P/E) ratio was at 45.76.
The stock has a dividend yield of 3.38%.
The stock is part of the Consumer Goods sector, categorized under the Processed & Packaged Goods industry. This sector was up 1.0% at the end of the session.
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