PARSIPPANY, N.J.--(BUSINESS WIRE)--Feb. 10, 2017--
B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment for
dividends paid in 2016 on the Company’s common stock. Holders are urged
to check their 2016 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
2016 is posted to the Investor Relations section of B&G Foods’ website, www.bgfoods.com,
under the heading “Investor FAQ.” Holders are also urged to consult
their own tax advisors to determine their individual tax treatment.
In 2016, B&G Foods distributed $1.6100 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 65.362% (or
$1.052327 per share) will be treated as a taxable dividend and
approximately 34.638% (or $0.557673 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 2016
on the Company’s common stock.
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Declaration Date
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Record Date
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Payment Date
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Total Per Share Distribution
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2016 Taxable Dividend
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2016 Return of Capital
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10/20/2015
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12/31/2015
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2/1/2016
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$0.35
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$0.228767
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$0.121233
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2/22/2016
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3/31/2016
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5/2/2016
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$0.42
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$0.274520
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$0.145480
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5/24/2016
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6/30/2016
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8/1/2016
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$0.42
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$0.274520
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$0.145480
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8/2/2016
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9/30/2016
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10/31/2016
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$0.42
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$0.274520
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$0.145480
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2016 Totals
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$1.6100
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$1.052327
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$0.557673
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About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a
diversified portfolio of high-quality, branded shelf-stable and frozen
foods across the United States, Canada and Puerto Rico. Based in
Parsippany, New Jersey, B&G Foods’ products are marketed under many
recognized brands, including Ac’cent, B&G, B&M,
Baker’s Joy, Bear Creek Country Kitchens, Brer
Rabbit, Canoleo, Cary’s, Cream of Rice,
Cream of Wheat, Devonsheer, Don Pepino, Durkee,
Emeril’s, Grandma’s Molasses, Green Giant, JJ
Flats, Joan of Arc, Las Palmas, Le
Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms, Molly McButter,
Mrs. Dash, New York Flatbreads, New York
Style, Old London, Original Tings, Ortega, Pirate’s Booty,
Polaner, Red Devil, Regina, Sa-són, Sclafani,
Smart Puffs, Spice Islands, Spring Tree, Sugar Twin,
Tone’s, Trappey’s, TrueNorth, Underwood, Vermont Maid,
Victoria, Weber and Wright’s. B&G Foods also sells
and distributes Static Guard, a household product brand.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170210005583/en/
Source: B&G Foods, Inc.
Investor Relations:
ICR, Inc.
Dara Dierks, 866-211-8151
or
Media
Relations:
ICR, Inc.
Matt Lindberg, 203-682-8214