Flowers raises quarterly dividend 10.3%

by Eric Schroeder
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Flowers Foods Nature's Own bread products
Flowers moves dividend to 16c per share from 14.5c per share.

THOMASVILLE, GA. — The board of directors of Flowers Foods, Inc. has declared a quarterly dividend of 16c per share, an increase of 10.3% from 14.5c per share in the same quarter last year. The dividend is payable on June 23 to shareholders of record as of June 9. The action increases the annualized dividend rate to 64c per share from 58c per share at this time last year.

Allen Shiver, Flowers Foods
Allen L. Shiver, president and c.e.o. of Flowers Foods
“This dividend increase demonstrates the confidence our board and management team have in the strength of the company’s cash flow and ability to generate value for shareholders,” said Allen L. Shiver, president and chief executive officer of Flowers Foods. “We are executing our disciplined strategy to grow sales, expand margins, and evaluate strategic acquisitions. With these actions, we expect to continue delivering value to shareholders through earnings and dividend growth, and share repurchases.” 
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