SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (61752)2/25/2019 11:41:01 PM
From: Elroy1 Recommendation

Recommended By
E_K_S

  Read Replies (1) | Respond to of 78673
 
BGS div now yields 7.4% so that may/could get cut as another way to get that debt lower.

Any chance you've done any analysis of when the debt comes due, and whether they may be able to refinance, or not, or whether the large debt position is expected to cause a dividend cut?

Oh never mind, looks like they just declared the dividend again.....

I looked at their Q3 2018 report, and $350m of their debt is short term, with $1.7b long term. And they had $200m cash, But I think they sold something called Pirate Booty to Hershey for $420m cash late last year.

I wonder if they can just refinance their long term debt as it come due, or whether it's really an issue?

--

B&G Foods, Inc. ( BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.475 per share of common stock. The dividend is payable on April 30, 2019 to shareholders of record as of March 29, 2019.

At the closing market price of the common stock on February 25, 2019, the current dividend rate represents an annualized yield of 7.8%. This is the 58th consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.

About B&G Foods, Inc.



To: E_K_S who wrote (61752)4/10/2019 3:44:04 PM
From: Lazarus  Read Replies (1) | Respond to of 78673
 
I'll try some DF here at $2.22