Flowers Foods, Inc. (NYSE:FLO) Plans $0.13 Quarterly Dividend

Flowers Foods, Inc. (NYSE:FLO) declared a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 12th will be paid a dividend of 0.125 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, June 12th.

Flowers Foods has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 24 years. Flowers Foods has a payout ratio of 87.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Flowers Foods to earn $0.90 per share next year, which means the company may not be able to cover its $0.99 annual dividend with an expected future payout ratio of 110.0%.

Flowers Foods Price Performance

Shares of Flowers Foods stock opened at $7.02 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.49 billion, a PE ratio of 17.54 and a beta of 0.46. The business has a 50 day moving average of $8.30 and a 200 day moving average of $9.91. Flowers Foods has a 52 week low of $6.80 and a 52 week high of $17.24.

Flowers Foods (NYSE:FLO) last announced its earnings results on Thursday, May 21st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.58 billion. Flowers Foods had a return on equity of 16.61% and a net margin of 1.59%.The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. As a group, equities research analysts forecast that Flowers Foods will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

FLO has been the subject of a number of research reports. BNP Paribas Exane decreased their price objective on Flowers Foods from $10.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Stephens decreased their price objective on Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective on Flowers Foods from $11.00 to $7.00 and set a “hold” rating for the company in a report on Monday, March 30th. Wall Street Zen downgraded Flowers Foods from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Zacks Research downgraded Flowers Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $9.60.

Flowers Foods Company Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.