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Flowers Foods, Inc. Buyback

OLI recorded this information on 5/26/2022

Company: Flowers Foods, Inc.
Buyback: FLO buyback
Share Amount Authorized: 25,400,000
Buyback Details: Flowers Foods, Inc. (NYSE: FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today announced that its board of directors has declared a quarterly dividend of $ 0.22 per share, an increase of 4.8% over the same quarter last year. This is the 79th consecutive quarterly dividend paid by the company and is payable on June 23, 2022, to shareholders of record on June 9, 2022. This action increases the annualized dividend rate to $0.88 per share from $0.84 per share at this time last year. In other actions, the board increased the company's share repurchase authorization by 20 million shares. At the close of the company's first quarter on April 23, 2022, 5.4 million shares remained under the existing authorization. With the board's action today, the current authorization increases to 25.4 million shares, affording ample repurchase capacity as the company continues to execute its growth plan and maintain balance sheet discipline.

Flowers Foods is a producer and marketer of packaged bakery foods. Co.'s principal products include breads, buns, rolls, snack cakes, and tortillas and are sold under a variety of brand names, including Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and Mrs. Freshley's. Co. also supplies national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries with breads and rolls; sells packaged bakery products to wholesale distributors for sale to a variety of food outlets; and sells packaged snack cakes to customers who distribute them nationwide through mass merchandisers, supermarkets, vending outlets and convenience stores.

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Company Name:  Flowers Foods, Inc.
Stock buyback:  FLO buyback
Website:  www.flowersfoods.com
Sector:  Food & Beverage
Number of ETFs Holding FLO:  69
Total Market Value Held by ETFs:  $968.64M
Total Market Capitalization:  $4.90B
% of Market Cap. Held by ETFs:  19.76%
 

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March 29, 2024    5:27 AM Eastern
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Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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