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.
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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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2017 Taxable Dividend
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2017 Return of Capital
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11/3/2016
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12/30/2016
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1/30/2017
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$0.465
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$0.141618
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$0.323382
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2/21/2017
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3/31/2017
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5/1/2017
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$0.465
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$0.141618
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$0.323382
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5/23/2017
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6/30/2017
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7/31/2017
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$0.465
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$0.141618
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$0.323382
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8/1/2017
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9/29/2017
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10/30/2017
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$0.465
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$0.141618
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$0.323382
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2017 Totals
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$1.8600
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$0.566472
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$1.293528
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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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180207006354/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