Early this week I purchased 64 more shares of the US baker Flowers Foods for a total of $1184.
Flowers Foods (NYSE: FLO), is a bakery which was opened by the Flowers family in 1919 and is now one of the largest producers of packaged bakery foods in the United States. FLO is the home for some of the largest brands in the business including Wonder, and Natures Own brands and is the second largest bread company in the US.
Flower Foods just announced another dividend increase of 10.3% and is expected to grow EPS by double digits again this year. I am bit bummed that I missed the ex-div date by less than a week though!
Sure Dividend has a nice article about FLO as well that's worth a look.
FLO Stock Chart
FLO Basic Stats
- Ticker Symbol: FLO
- Sector: Consumer Goods
- Yield: 3.46%
- Dividend Growth Streak: 10 years
- Annualized Dividend Growth 3yr: 10.6%
- Payout Ratio: 66%
- P/E Ratio: 16.6 (forward)
- Market cap:$3.75 Billion
- Website: http://www.flowersfoods.com
FLO Financial Growth
FLO Cash Flow VS Dividend Payout
FLO Dividend Growth
Nice purchase Captain. Thanks for bringing this stock up. I'll have to do further research but it's a great to diversify our holdings. Thanks for sharing and keep hustling hard bro. Cheers.
ReplyDeleteSure thing, glad to put it on your radar. Keep hustlin!
DeleteI like FLO at these levels, so in my opinion it was a great buy. Thanks for sharing, Regards, MrStockFox
ReplyDeleteIt's not a bad price here I thought. Looking at it's historical P/E ratio it's really cheap.
DeleteNice job Captain. Doubling down on a winner in your portfolio. Congrats on the dividend increase.
ReplyDeleteThanks, I'm very happy with a 10% increase! I just wish all my stocks had that kind of growth. :-o
DeleteAh I see it missed my screen from the TTM PE is above 20. If your correct and the forward is 16 I will have to jump on this great buy. Thanks for the information and congrats on more dividends!
ReplyDeleteLater,
DFG
Definitely do some research on it and let us know what you think DFG!
Deletehey Captain,
ReplyDeleteI know that feeling. Missing a dividend payment is one of the worst feelings in the world. But look on the bright side, you bought FLo at a good price and I expect it to break 20 by the end of the year. A good market scare, a race towards consumer staple, and one eps beat or boost and we're solid.
That sounds good to me fore sure!
DeleteCD,
ReplyDeleteGreat buy and I see more and more are buying them as well. I love their breads, that's for sure and am continually watching them.. Hmm... congrats!!
-Lanny
Ya after the drop in price late last year it's gotten a lot more attention for sure. Glad to hear you like their breads.
DeleteCaptain,
ReplyDeleteThat's a good buy. I recently started a position in FLO. Was following it for some time. Seems like a great long term acquisition at this price.
I agree obviously, my biggest concern is the issue with the drivers and how much it could possibly cost the company. Hopefully they can work things out.
DeleteLook at the growth. Can't complain
ReplyDeleteYa they have nice growth in both earnings and dividends. Greta combo!
DeleteFLO has some excellent recent dividend growth, and one can't complain about a yield above 3.5%! Good buy, Captain Dividend -- looks like an interesting opportunity here!
ReplyDeleteIt's not too common to find a 3.5% yielder with such solid dividend growth to go along with it.
DeleteVery interesting read. As someone that is new to Dividend investing I very much enjoy your blog.
ReplyDeleteThanks so much!! Glad to you like it, thanks for commenting.
DeleteShopping has gone completely online these days. You can shop everything from household appliances to office supplies sitting in home.
ReplyDelete