Another dividend increase in the books!
Flowers Foods, Inc. (FLO) just declared $0.17 quarterly dividend. This is an increase of 6.3% from $0.16.
I own 184 shares, so this will increase my annual dividend income by $7.36 to $3,647.42
I am happy with my holding of FLO and do not plan to add more shares anytime soon unless there is a big drop. I think the stock is a little overvalued right now. I would be a buyer if the price of FLO goes below $15 a share. For now, I will continue to hold my shares of FLO and continue to collect the dividend.
I am very happy with this increase. Last year they increased it by 10.3% and the year before 9.4%. This year increase is not as high as the past two years, but that is ok since it is double the rate of inflation.
Do you own FLO? Happy about the dividend increase?
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