B&G Foods (BGS) Declares $0.465 Quarterly Dividend; 5.8% Yield

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Go back to B&G Foods (BGS) Declares $0.465 Quarterly Dividend; 5.8% Yield

Corporate America’s new dilemma: raising prices to cover higher transport costs

February 26, 2018 1:30 AM EST

By Eric M. Johnson and Chris Prentice

SEATTLE/BOCA RATON, Fla. (Reuters) - The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc (NYSE: GIS) and Hormel Foods Corp (NYSE: HRL) to spend more on deliveries and consider raising their own prices as a way to pass along the costs.

Interviews with executives at 10 companies across the food, consumer goods and commodities sectors reveal that many are grappling... More