Flowers Foods (FLO): A Reliable Dividend Stock Still Trading Under $20

Flowers Foods, Inc. (NYSE:FLO) is included among the 13 Best Dividend Stocks to Buy Under $20.

In May, the company declared a 3.1% hike in its quarterly dividend to $0.2475 per share. The recent dividend marks its 91st consecutive quarterly payment and extends its streak of annual dividend increases to 23 years, underscoring a strong and reliable history of consistent dividend growth.

Flowers Foods, Inc. (NYSE:FLO) also reported its financial results for the first quarter of 2025 along with the announcement. Operating cash flow showed solid growth, increasing by $30.5 million to a total of $135.6 million. During this time, the company paid out $52.3 million in dividends, which was $1.2 million higher than the previous quarter. These figures reflect ongoing strength in the company’s earnings and its commitment to rewarding shareholders.

Flowers Foods, Inc. (NYSE:FLO) also highlighted that the acquisition of Simple Mills was finalized and added $24.3 million to net sales. The deal resulted in a net loss of $4.2 million, which included interest expenses related to the acquisition funding and amortization of intangible assets. It contributed $3.6 million to adjusted EBITDA and had a diluted earnings per share impact of negative $0.02.

Flowers Foods, Inc. (NYSE:FLO) is one of the top producers of packaged bakery goods in the United States. It operates bakeries across the country that produce a wide range of baked items. The company’s brand lineup features popular names like Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, and Tastykake.

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