Flowers Foods, Inc. (NYSE:FLO) declared a quarterly dividend on Friday, August 18th, RTT News reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.17 per share on Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.84%.

Flowers Foods has raised its dividend payment by an average of 15.4% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Flowers Foods has a payout ratio of 79.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Flowers Foods to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 73.9%.

Shares of Flowers Foods (NYSE FLO) traded up 0.06% on Friday, hitting $17.72. The stock had a trading volume of 161,740 shares. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 23.35 and a beta of 0.97. The stock has a 50 day moving average price of $17.55 and a 200-day moving average price of $18.75. Flowers Foods has a 12-month low of $14.51 and a 12-month high of $21.00.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The firm had revenue of $926.64 million for the quarter, compared to analyst estimates of $931.26 million. During the same quarter in the prior year, the company earned $0.26 EPS. Flowers Foods’s revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Flowers Foods will post $0.85 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Flowers Foods, Inc. (FLO) to Issue $0.17 Quarterly Dividend” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/18/flowers-foods-inc-flo-to-issue-0-17-quarterly-dividend.html.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Jefferies Group LLC lowered Flowers Foods from a “buy” rating to a “hold” rating and reduced their price target for the stock from $23.00 to $19.00 in a research note on Friday, July 28th. BMO Capital Markets reissued a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research note on Thursday, July 20th. Finally, TheStreet raised Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.67.

In other news, Chairman Amos R. Mcmullian acquired 20,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average cost of $17.91 per share, for a total transaction of $358,200.00. Following the acquisition, the chairman now directly owns 3,643,717 shares in the company, valued at approximately $65,258,971.47. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 15.81% of the company’s stock.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

Dividend History for Flowers Foods (NYSE:FLO)

Receive News & Ratings for Flowers Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.