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Flowers Foods (FLO) Approves Three-for-Two Split

May 22, 2013 10:41 AM EDT Send to a Friend
Flowers Foods' (NYSE: FLO) board of directors declared a three-for-two split of the company's stock by means of a 50% stock dividend.

Following the split, Flowers shareholders will own three shares for every two shares they held on the record date and the quarterly dividend rate will be $.1125 per share, or $.45 per share on an annualized basis.

The board is confident in the company's future performance, according to George E. Deese, Executive Chairman. "The board believes Flowers Foods is in an excellent position to reward our shareholders with an increased dividend, allowing our investors to continue participating in the company's success over the long term," he said. "In addition, the stock split will increase the liquidity of our stock and attract new shareholders."




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