1. FLO declares a quarterly dividend of $0.2475 per share, up 3.1%. 2. This marks the 91st consecutive quarterly dividend paid by FLO. 3. CEO highlights strong cash flow and commitment to enhancing shareholder value. 4. Annualized dividend rate increases from $0.96 to $0.99 per share. 5. FLO generated $5.1 billion in sales for 2024, expanding its brand presence.
The dividend increase signals financial health and shareholder confidence, supporting stock value. Historically, regular dividend increments tend to positively impact stock prices, as seen in similar consumer goods companies.
Investors often react strongly to dividend announcements, viewing them as indicators of financial stability and growth potential. A consistent dividend policy enhances FLO's market attractiveness and investor confidence.
The immediate market reaction is likely positive due to the dividend announcement, boosting investor sentiment. In the past, such announcements have led to short-term price increases.
THOMASVILLE, Ga., May 22, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced that its board of directors has declared a quarterly dividend of $0.2475 per share, an increase of 3.1% over the same quarter last year. This is the 91st consecutive quarterly dividend paid by the company and is payable on June 19, 2025, to shareholders of record on June 5, 2025. This action increases the annualized dividend rate to $0.99 per share from $0.96 per share at this time last year.
"Flowers has an admirable track record of dividend increases driven by the company's solid cash flow generation," said Ryals McMullian, chairman and CEO of Flowers Foods. "Today's announcement reflects the board's confidence in Flowers' strategy and ability to enhance shareholder value over time."
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is one of the largest producers of packaged bakery foods in the United States with 2024 sales of $5.1 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Dave's Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. Learn more at www.flowersfoods.com.
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Statements contained in this press release and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the "company", "Flowers Foods", "Flowers", "us", "we", or "our") and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding our business and our future financial condition and results of operations and are often identified by the use of words and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "would," "is likely to," "is expected to" or "will continue," or the negative of these terms or other comparable terminology.
These forward-looking statements are based upon assumptions we believe are reasonable. Forward-looking statements are based on current information and are subject to risks and uncertainties that could cause our actual results to differ materially from those projected. Certain factors that may cause actual results, performance, liquidity, and achievements to differ materially from those projected are discussed in our Annual Report on Form 10-K for the year ended December 28, 2024 (the "Form 10-K") and our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and may include, but are not limited to, various economic and operational risks.
We caution you not to place undue reliance on forward-looking statements, as they speak only as of the date made and are inherently uncertain. The company undertakes no obligation to publicly revise or update such statements, except as required by law. You are advised, however, to consult any further public disclosures by the company (such as in our filings with the SEC or in company press releases) on related subjects.
SOURCE Flowers Foods, Inc.