B&G Foods Declares Quarterly Dividend
February 26 2009 - 3:30PM
Business Wire
B&G Foods, Inc. (NYSE: BGS, BGF), a manufacturer and
distributor of high quality, shelf-stable foods, announced today
that its Board of Directors has declared a quarterly cash dividend
of $0.17 per share of Class A common stock, payable on April 30,
2009 to holders of record as of March 31, 2009.
Cash payments to holders of the Company�s Enhanced Income
Securities (EISs), which will include the quarterly cash dividend
payment of $0.17 per share on the underlying Class A common stock
and an interest payment of $0.2145 per EIS on the underlying
12%�senior subordinated notes to holders of record as of March 31,
2009, will aggregate $0.3845 per EIS.
David L. Wenner, President and Chief Executive Officer of
B&G Foods, stated, �By declaring an 18th consecutive quarterly
dividend, our Board of Directors has expressed its continuing
confidence in the financial health of B&G Foods and in its
on-going ability to generate the cash flow necessary to continue
paying a generous dividend to our stockholders.�
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and
distribute a diversified portfolio of high-quality, shelf-stable
foods across the United States, Canada and Puerto Rico. B&G
Foods� products include hot�cereals, fruit spreads, canned meats
and beans, spices, seasonings, marinades, hot sauces, wine vinegar,
maple syrup, molasses, salad dressings, Mexican-style sauces, taco
shells and kits, salsas, pickles, peppers and other specialty food
products. B&G Foods competes in the retail grocery, food
service, specialty, private label, club and mass merchandiser
channels of distribution. Based in Parsippany, New Jersey, B&G
Foods� products are marketed under many recognized brands,
including Ac�cent, B&G, B&M, Brer Rabbit, Cream of Rice,
Cream of Wheat, Emeril�s, Grandma�s Molasses, Joan of Arc, Las
Palmas, Maple Grove Farms of Vermont, Ortega, Polaner, Red Devil,
Regina, Sa-s�n, Trappey�s, Underwood, Vermont�Maid and
Wright�s.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute �forward-looking statements.�
The forward-looking statements contained in this press release
include without limitation statements related to the Company�s
ability to generate sufficient cash flow to continuing paying
dividends. Such forward-looking statements involve known and
unknown risks, uncertainties and other unknown factors that could
cause the actual results of B&G Foods to be materially
different from the historical results or from any future results
expressed or implied by such forward-looking statements. In
addition to statements that explicitly describe such risks and
uncertainties readers are urged to consider statements labeled with
the terms �believes,� �belief,� �expects,� �intends,� �anticipates�
or �plans� to be uncertain and forward-looking. The forward-looking
statements contained herein are also subject generally to other
risks and uncertainties that are described from time to time in
B&G Foods� filings with the Securities and Exchange Commission,
including under Item 1A, �Risk Factors� in our Annual Report on
Form 10-K for fiscal 2007 filed on March 6, 2008. We undertake no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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