The board of directors of Flowers Foods has announced a quarterly dividend of US$0.125 per share. This action renews the annual dividend rate of US$0.50, the company said. The dividend is payable on September 22, 2006, to shareholders of record on September 8, 2006.
In making the announcement, George E. Deese, chairman of the board, chief executive officer, and president, said the dividend action reflects the board’s confidence in the company’s performance.
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“Flowers Foods’ performance and cash generation continue to be strong, allowing us to invest in our bakeries, in acquisitions, and in repurchases of our stock, while rewarding shareholders for their investment in the company,” he said.
