Flowers Foods, Inc. (FLO) To Go Ex-Dividend on November 29th

Flowers Foods, Inc. (NYSE:FLO) declared a quarterly dividend on Friday, November 15th,RTT News reports. Investors of record on Friday, November 29th will be given a dividend of 0.24 per share on Friday, December 13th. This represents a $0.96 annualized dividend and a yield of 4.21%. The ex-dividend date is Friday, November 29th.

Flowers Foods has increased its dividend payment by an average of 4.8% per year over the last three years and has increased its dividend annually for the last 23 consecutive years. Flowers Foods has a payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Flowers Foods to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 73.3%.

Flowers Foods Price Performance

NYSE FLO opened at $22.83 on Wednesday. The company has a market cap of $4.81 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 4.33 and a beta of 0.36. Flowers Foods has a 52 week low of $20.50 and a 52 week high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $22.50 and its two-hundred day simple moving average is $22.73.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. Flowers Foods’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Research analysts predict that Flowers Foods will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.