Flowers Foods, Inc. (NYSE:FLO) Announces Quarterly Dividend of $0.24

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Friday, November 15th,RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.24 per share on Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 4.43%.

Flowers Foods has increased its dividend by an average of 4.8% annually over the last three years and has increased its dividend annually for the last 23 consecutive years. Flowers Foods has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Flowers Foods to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 73.3%.

Flowers Foods Trading Down 0.8 %

Shares of FLO traded down $0.18 during trading hours on Friday, hitting $21.65. 103,550 shares of the stock traded hands, compared to its average volume of 1,171,317. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 0.75. Flowers Foods has a 1-year low of $20.50 and a 1-year high of $26.12. The firm has a market capitalization of $4.56 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36. The business has a fifty day moving average of $22.71 and a 200-day moving average of $22.93.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. Analysts expect that Flowers Foods will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Monday.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.