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Top Picks 2019- BG Foods BGS

John Dobosz is a growth and income expert; the editor of the industry leading advisory publications, Forbes Dividend Investor and Forbes Premium Income Report, looks at a favorite idea for 2019 — a leading food purveyor.

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Parsippany, N.J.-based B&G Foods (BGS) makes, sells and distributes shelf-stable and frozen foods in the U.S., Canada and Puerto Rico, taking its moniker from Joseph Bloch and Julius Guggenheimer, two pickle merchants in New York City from the early twentieth century.

B&G's modern incarnation as a food conglomerate dates back to 1996. It owns more than 50 brands, including Cream of Wheat, Green Giant, Le Sueur, Ortega, and SnackWell’s.

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Earnings before interest, taxes, depreciation and amortization has been on the rise for the past three quarters, and the company generated EBITDA of $3.91 per share over the past year to support to $1.90 in annual dividends.

Meanwhile, shares of B&G Foods continues to trade at substantially lower valuations relative to the past five years.

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