Flowers Foods Announces 4.3% Increase In Quarterly Dividend To $0.24 Per Share; Payable June 20, 2024, To Shareholders Of Record On June 6, 2024; Annualized Dividend Rate Raised To $0.96 Per Share From $0.92 Per Share Last Year
Portfolio Pulse from Benzinga Newsdesk
Flowers Foods has announced a 4.3% increase in its quarterly dividend to $0.24 per share, payable on June 20, 2024, to shareholders of record on June 6, 2024. The annualized dividend rate has been raised to $0.96 per share from $0.92 per share last year.
May 23, 2024 | 1:03 pm
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Flowers Foods has increased its quarterly dividend by 4.3% to $0.24 per share, with an annualized rate now at $0.96 per share. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the dividend is a positive signal to the market, indicating financial health and a commitment to returning value to shareholders. This is likely to attract income-focused investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100