B&G Foods : Announces Tax Treatment of Common Stock Dividends Paid in 2018
January 14, 2019 at 05:10 pm
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B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for
dividends paid in 2018 on the Company’s common stock. Holders are urged
to check their 2018 tax statements received from brokerage firms in
order to ensure that the cash distribution information reported on such
statements conforms to the information reported herein.
Additional information concerning the tax treatment of dividends paid in
2018 is posted to the Investors section of B&G Foods’ website, www.bgfoods.com,
under the heading “FAQs.” Holders are also urged to consult their own
tax advisors to determine their individual tax treatment.
In 2018, B&G Foods distributed $1.8800 per share of common stock (CUSIP
# 05508R 10 6). Based on U.S. federal income tax laws, B&G Foods has
determined that all of such distributions will be treated as a taxable
dividend and no portion will be treated as a return of capital.
The table below summarizes the tax treatment for dividends paid in 2018
on the Company’s common stock:
Declaration Date
Record Date
Payment Date
Total Per Share Distribution
2018 Taxable Dividend
2018 Return of Capital
11/2/2017
12/29/2017
1/30/2018
$0.465
$0.465
$0.00
2/26/2018
3/29/2018
4/30/2018
$0.465
$0.465
$0.00
5/22/2018
6/29/2018
7/30/2018
$0.475
$0.475
$0.00
7/31/2018
9/28/2018
10/30/2018
$0.475
$0.475
$0.00
2018 Totals
$1.8800
$1.8800
$0.00
About B&G Foods, Inc.
Based in Parsippany, New Jersey, B&G Foods and its subsidiaries
manufacture, sell and distribute high-quality, branded shelf-stable and
frozen foods across the United States, Canada and Puerto Rico. With
B&G Foods’ diverse portfolio of more than 50 brands you know and love,
including Back to Nature, B&G, B&M,
Cream of Wheat, Green Giant, Las Palmas, Le Sueur,
Mama Mary’s, Maple Grove Farms, Mrs. Dash,
New York Style, Ortega, Polaner, SnackWell’s,
Spice Islands and Victoria, there’s a little
something for everyone. For more information about B&G Foods and its
brands, please visit www.bgfoods.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190114005554/en/
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, and other specialty products. It operates in four segments: Specialty, Meals, Frozen & Vegetables and Spices & Flavor Solutions. Its products are marketed under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Polaner, and Wright's.