On May 22, Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend of $0.2475 per share, which showed a 3.1% growth from the previous dividend.
The latest dividend marks the 91st straight quarterly payout by the company, and it also represents the 23rd consecutive year of annual dividend increases, which highlights a solid and consistent dividend track record.
Alongside this announcement, Flowers Foods, Inc. (NYSE:FLO) recently shared its financial results for the first quarter of 2025. Operating cash flow remained robust, rising by $30.5 million to reach $135.6 million. During the same period, the company distributed $52.3 million in dividends, an increase of $1.2 million compared to the prior quarter. This demonstrates continued strength in both earnings and shareholder returns.
Ryals McMullian, chairman and CEO of Flowers Foods, Inc. (NYSE:FLO), made the following comment:
"Flowers has an admirable track record of dividend increases driven by the company's solid cash flow generation. Today's announcement reflects the board's confidence in Flowers' strategy and ability to enhance shareholder value over time."
Flowers Foods, Inc. (NYSE:FLO) ranks among the leading packaged bakery goods producers in the US. The company runs bakeries nationwide that manufacture a variety of baked products. Its portfolio includes well-known brands such as Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, and Tastykake.
While we acknowledge the potential of FLO as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than FLO but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.
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