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Sep 6th, 2010, 10:18am
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B&G Foods (Read 275 times)
Babyboomer
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Posts: 26
B&G Foods
Nov 17th, 2009, 4:31pm
 
Hey pirates anyone know if B&G foods change their symbol from BGF to BGS since 05/05/08
                                                      Babyboomer.
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Shell
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Re: B&G Foods
Reply #1 - Nov 17th, 2009, 6:50pm
 
Boomer, looking at their website content:
 
http://www.bgfoods.com/pdfs/2009%2010%2014%20Dividend%20Release.pdf
 
'B&G Foods Declares Regular Quarterly Dividend
PARSIPPANY, N.J., October 14, 2009 —B&G Foods, Inc. (NYSE: BGS, BGF), a manufacturer and distributor of high quality, shelf-stable foods, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.17 per share of Class A common stock. The dividend will be payable on February 1, 2010 to shareholders of record as of December 31, 2009. At the closing market price of the Class A common stock on October 13, 2009, the current dividend represents an annualized yield of 8.6%.
“This is the twenty-first consecutive quarterly dividend declared by B&G Foods’ Board of Directors sinceour initial public offering in October 2004... ."
 
it would appear that both symbols are valid.
 
They further state, under "FAQ"
 
Q.      Does B&G Foods have two classes of common stock?
A.      B&G Foods has two separate authorized classes of common stock, our Class A common stock, par value $0.01 per share, and our Class B common stock, par value $0.01 per share. However, on May 29, 2007, in connection with of our initial public offering of Class A common stock as a separately traded security all outstanding shares of our Class B common stock were repurchased for cash or exchanged for shares of our Class A common stock. As a result, there are currently no shares of our Class B common stock outstanding. It is currently contemplated that at our 2010 annual meeting of stockholders our board of directors will propose an amendment to our certificate of incorporation to refer to our Class A common stock simply as “common stock” and to delete all references to the Class B common stock.
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