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February 07, 2018

B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2017

PARSIPPANY, N.J.--(BUSINESS WIRE)--Feb. 7, 2018-- B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment for dividends paid in 2017 on the Company’s common stock. Holders are urged to check their 2017 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

Additional information concerning the tax treatment of dividends paid in 2017 is posted to the Investors section of B&G Foods’ website, www.bgfoods.com, under the heading “FAQs.” Holders are also urged to consult their own tax advisors to determine their individual tax treatment.

In 2017, B&G Foods distributed $1.8600 per share of common stock (CUSIP # 05508R 10 6). Based on U.S. federal income tax laws, B&G Foods has determined that of such distributions, approximately 30.456% (or $0.566472 per share) will be treated as a taxable dividend and approximately 69.544% (or $1.293528 per share) will be treated as a return of capital. Generally, the portion of the distribution on the common stock that is treated as a return of capital should reduce the tax basis in the shares of common stock up to a holder’s adjusted basis in the common stock, with any excess treated as capital gains.

The table below summarizes the tax treatment for dividends paid in 2017 on the Company’s common stock.

                   

Declaration
Date

   

Record
Date

   

Payment
Date

   

Total Per Share
Distribution

   

2017 Taxable
Dividend

   

2017 Return of
Capital

11/3/2016     12/30/2016     1/30/2017     $0.465     $0.141618     $0.323382
2/21/2017     3/31/2017     5/1/2017     $0.465     $0.141618     $0.323382
5/23/2017     6/30/2017     7/31/2017     $0.465     $0.141618     $0.323382
8/1/2017     9/29/2017     10/30/2017     $0.465     $0.141618     $0.323382
 
2017 Totals     $1.8600     $0.566472     $1.293528
 

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Pirate’s Booty, Polaner, SnackWell’s, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

Source: B&G Foods, Inc.

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