How Flowers Foods, AES And S&T Bancorp Can Put Cash In Your Pocket
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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Flowers Foods, The AES Corporation and S&T Bancorp have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of around 3-4%.
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Flowers Foods
Flowers Foods, Inc. (NYSE:FLO) produces and markets packaged bakery food products in the United States. The company distributes its products, which include fresh bread, buns, rolls, snack cakes and tortillas, through a direct-store delivery system and a warehouse delivery system and operates bakeries. The key brands are Nature's Own, Whitewheat, Cobblestone Bread, Wonder, Dave's Killer Bread, Canyon Bakehouse, Mrs. Freshley's and Tastykake.
Flowers Foods has raised its dividends every year since 2014. According to the company's most recent dividend hike announcement on May 23, its Board of Directors increased the quarterly dividend by 4.3% to $0.24 per share, equal to $0.96 annually. Currently, its dividend yield stands at 4.13%.
Flowers Foods' annual revenue (as of June 30) is $5.1 billion. As per the company’s Q2 earnings announcement on Aug. 16, it posted revenues of $1.23 billion, compared to the consensus estimate of $1.24 billion and an EPS of $0.36, compared to the consensus estimate of $0.33.
“We continued to execute well in the second quarter with a solid top- and bottom-line performance,” said Ryals McMullian, chairman and CEO of Flowers Foods. “Our brands outperformed the fresh packaged bread category, growing units in tracked channels and generating leading unit and dollar share gains. Private label and away-from-home margins maintained their positive trajectory as we improved profitability in existing accounts and filled available capacity with new, higher-margin business. And savings initiatives are taking hold, driving a meaningful sequential improvement in costs."