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Stock impact report

FLOWERS FOODS INCREASES QUARTERLY DIVIDEND

Flowers Foods, Inc. (FLO) 
Last flowers foods, inc. earnings: 2/5 04:50 pm Check Earnings Report
Company Research Source: PR Newswire
THOMASVILLE, Ga., May 23, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced that its board of directors has declared a quarterly dividend of $0.24 per share, an increase of 4.3% over the same quarter last year. This is the 87th consecutive quarterly dividend paid by the company and is payable on June 20, 2024, to shareholders of record on June 6, 2024. This action increases the annualized dividend rate to $0.96 per share from $0.92 per share at this time last year."The board is pleased to reward shareholders with a dividend increase, reflecting our confidence in Flowers' ability to deliver earnings growth in line with our long-term financial targets," said Ryals McMullian, chairman and CEO of Flowers Foods. "The dividend is an important part of our mission to allocate capital to enhance shareholder returns. Our strong balance sheet and solid cash flow generation provide a competitive advantage and enable investments in future growth as well as an increasing dividend Show less Read more
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