Flowers Foods increases its quarterly dividend

THOMASVILLE, Georgia., May 27, 2021 / PRNewswire / – Flowers Foods, Inc. (NYSE: FLO), producer of Nature is clean, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery products, today announced that its board of directors declared a quarterly dividend of $ 0.21 per share, an increase of 5.0% from the same quarter last year. This is the 75th consecutive quarterly dividend paid by the company and is payable on June 24, 2021 to shareholders of record on June 10, 2021. This share brings the annualized dividend rate to $ 0.84 by share of $ 0.80 per share at the same date last year.

“The Board of Directors is confident that the company’s core brands will drive growth in line with our long-term financial goals,” said Ryals McMullian, President and CEO of Flowers Foods. “This expected growth and our strong cash flow allow the company to invest strategically and improve our business while continuing our long history of rewarding shareholders with a growing dividend.”

Annual shareholders’ meeting
Flowers’ annual meeting of shareholders will be held today at 11:00 East. Shareholders registered at the close of business on March 23, 2021 are eligible to attend the webcast and vote on www.virtualshareholdermeeting.com/FLO2021. To attend, shareholders must enter the 16-digit control number appearing on their proxy card, the voting instruction form or the notice of availability on the Internet of proxy documents. Pre-registration is not required for the virtual meeting.

About Flowers Foods

Based at Thomasville, Georgia., Flowers Foods, Inc. (NYSE: FLO) is one of the world’s largest producers of packaged bakery foods in United States with 2020 sales of $ 4.4 billion. Flowers operates bakeries across the country which produce a wide range of baked goods. Among the major brands of the company are Nature is clean, Dave’s Killer Bread, Wonder, canyon bakery, and Tastykake. Learn more at www.flowersfoods.com.

FLO-DIV FLO-IR FLO-CORP

Forward-looking statements

Statements in this record and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the “Company”, “Flowers Foods”, “Flowers”, “we”, “we” or “our” ) and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding our future financial condition and results of operations and the ultimate impact of novel coronavirus (“COVID-19”) strain on our business, results of operations and financial condition and is often identified by the use of words and phrases such as “anticipate”, “believe” , “Continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “plan”, “plan”, “should”, “will be “,” should “,” is likely to “,” is intended “or” will continue “, or the negative of these terms or other comparable terminology. These forward-looking statements are based on what we believe to be reasonable assumptions. Forward-looking statements are based on current information and are subject to risks and uncertainties that could cause our actual results to differ materially from those projected. Certain factors that could cause actual results, performance, liquidity and achievements to differ materially from those anticipated are discussed in this Annual Report on Form 10-K (the “Form 10-K”) and may include, but are not limited to y limit, (a) unexpected changes in any of the following: (1) general economic and business conditions; (2) the competitive environment in which we operate, including the advertising or promotional strategies of us or our competitors, as well as changes in consumer demand; (3) the interest rates and other terms we have on our borrowings; (4) costs and availability of energy and raw materials and hedging of counterparty risks; (5) relationships with or increased costs associated with our employees and third party service providers; (6) laws and regulations (including environmental and health issues); and (7) accounting standards or tax rates in the markets in which we operate, (b) the ultimate impact of the COVID-19 outbreak and the actions taken in response to it on our business, our results of operations and financial condition, which are highly uncertain and difficult to predict, (c) the loss or financial instability of any major customer, including due to product recalls or security concerns related to our products, (d) changes in consumer behavior, trends and preferences, including health and whole grain trends, and the move towards more inexpensive store brand products, (e) the level of success we achieve in developing and introducing new products and entering new markets, (f) our ability to implement new technologies and customer requirements as needed, (g) our ability to operate lines existing and new manufacturing on schedule, (h) our ability to execute our business strategies which may involve, among other things, (1) integrating acquisitions or acquiring or disposing of assets at currently targeted values, ( 2) the deployment of new systems and technologies, and (3) an improved organizational structure, (i) consolidation within the bakery industry and related industries, (j) changes in pricing, reaction of customers and consumers to pricing actions and the pricing environment among industry competitors, (k) disruptions in our drop-in-store distribution model, including litigation or an adverse court ruling or d ” a regulatory or government body, or other regulatory developments, which could affect the classifications of independent contractors of independent distributors. dants, (l) increasing legal complexity and legal proceedings to which we are or may be subject, (m) increases in costs related to employees and employees, (n) the credit, business risks and legal associated with independent distributors and customers, who operate in the highly competitive food retail and restaurant industries, (o) any business disruption due to political instability, pandemics, armed hostilities, incidents of terrorism, natural disasters, strikes or work stoppages, technology failures, product contamination, product recalls or safety issues related to our products, or responses to or repercussions of any of such events or similar conditions and our ability to insure against such events, (p) the failure of our information technology systems to function properly, including any interruption, intrusion or breach of the security of these systems or the risks associated with the project implementation of a new enterprise resource planning (“ERP”) system; and (q) regulations and legislation related to climate change that could affect our ability to meet our raw material needs or that require unanticipated additional capital expenditures. The preceding list of important factors does not include all of these factors, nor does it necessarily list them in order of importance. In addition, you should consult other disclosures made by the company (such as in our other filings with the Securities and Exchange Commission (“SEC”) or in company press releases) for other factors that may affect cause actual results to differ materially from those anticipated. by the company. Refer to Part I, Item 1A., Risk factors, Form 10-K and Part II, Item 1A., Risk factors of Form 10-Q for the quarter ended April 24, 2021 for additional information on factors that could affect the Company’s results of operations, financial condition and liquidity. We caution you not to place undue reliance on forward-looking statements, as they speak only as of the date they were made and are inherently uncertain. The company assumes no obligation to publicly revise or update these statements, except as required by law. You are, however, advised to review any other public disclosure of the company (such as in our documents filed with the SEC or in company press releases) on related matters.

SOURCE Fleurs Aliments, Inc.

Related links

http://www.flowersfoods.com

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