Flowers Foods (FLO) Raises Quarterly Dividend 5.3% to $0.20; 3.5% Yield

Flowers Foods (NYSE: FLO) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 5.3% increase from the prior dividend of $0.19.

The dividend will be payable on June 19, 2020, to stockholders of record on June 5, 2020, with an ex-dividend date of June 4, 2020.

The annual yield on the dividend is 3.5 percent.

"This dividend increase reflects the board's conviction in Flowers' ability to generate consistent results over time and throughout the business cycle," said Ryals McMullian, Flowers Foods president and CEO. "We will continue to allocate cash flow with a focus on maximizing return on invested capital and growing shareholder value. The dividend represents one piece of our capital allocation strategy, which also includes reinvesting in our business, share repurchases, and strategic acquisitions."

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

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