B&G Foods (NYSE:BGS) is spreading a little more shareholder payout on its toast. The company has declared its latest quarterly common stock dividend, which is to be $0.33 per share paid on Jan. 30 of next year to shareholders of record as of Dec. 31. That amount is $0.01, or 3%, higher than the firm's previously declared distribution of $0.32, which is to be paid on Oct. 30. B&G Foods' most recently distributed payout was $0.29 per share, dispensed at the end of July.
The firm has been a steady dividend payer since inaugurating payouts in January 2005. In the press release announcing the upcoming distribution, the company pointed out it will be its 37th in a row.
The new dividend annualizes to $1.32 per share. That yields 3.6% at B&G Foods' current stock price of $36.95.
Fool contributor Eric Volkman has no position in B&G Foods. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.