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PARSIPPANY, N.J. - B&G Foods, Inc. (NYSE:BGS) announced Tuesday that its Board of Directors has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend will be payable on October 27, 2025, to stockholders of record as of September 30, 2025.
At the current closing market price, this dividend represents an annualized yield of 17.9%, according to the company’s press release statement. This marks the 84th consecutive quarterly dividend declared by B&G Foods since its initial public offering in October 2004.
B&G Foods, based in Parsippany, New Jersey, manufactures and distributes branded shelf-stable and frozen foods throughout the United States, Canada, and Puerto Rico. The company’s portfolio includes more than 50 brands such as Green Giant, Crisco, Ortega, and Cream of Wheat.
In other recent news, B&G Foods reported its Q1 2025 financial results, which fell short of expectations. The company posted earnings per share of $0.04, significantly below the anticipated $0.16, and net sales of $425.4 million, missing the expected $459.33 million. Additionally, B&G Foods has completed the sale of its Don Pepino and Sclafani brands to Violet Foods LLC, a strategic move aimed at streamlining its brand portfolio and reducing long-term debt. Moody’s Ratings revised B&G Foods’ outlook to negative and downgraded its secured ratings, citing weaker than expected operating performance and increased debt-to-EBITDA leverage. The company’s organic sales fell by about 11% in Q1 2025 due to various factors, including consumer pressure and retailer inventory destocking. Furthermore, B&G Foods has amended its senior secured credit facility to temporarily increase its maximum consolidated leverage ratio. The company also disclosed the outcomes of its annual stockholder meeting, where ten directors were elected, and executive compensation was approved. These developments highlight a challenging period for B&G Foods as it navigates financial and strategic adjustments.
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