Flowers Foods (FLO) Raises Quarterly Dividend 5.9% to $0.18; 3.6% Yield

Flowers Foods (NYSE: FLO) declared a quarterly dividend of $0.18 per share, or $0.72 annualized. This is a 5.9% increase from the prior dividend of $0.17.

The dividend will be payable on June 21, 2018, to stockholders of record on June 7, 2018, with an ex-dividend date of June 6, 2018.

The annual yield on the dividend is 3.6 percent.

"This dividend increase reflects confidence by Flowers' board and management team in the company's long-term ability to generate solid cash flows and deliver value to shareholders," said Allen L. Shiver, Flowers Foods' president and CEO. "As we make significant progress with our strategic initiatives under Project Centennial, we intend to use our strong financial position to support brand growth, make capital investments, deliver shareholder returns, and pursue strategic acquisitions."

For a dividend history and other dividend-related data on Flowers Foods (FLO) click here.

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