|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's range||13.36 - 14.15|
|52-week range||10.91 - 31.66|
|Beta (5Y monthly)||0.43|
|PE ratio (TTM)||26.49|
|Forward dividend & yield||0.76 (5.68%)|
|Ex-dividend date||29 Dec 2022|
|1y target est||N/A|
This unique food company just cut its dividend. Is it time to consider buying it now that management has done the deed?
Smart investors know that, more often than not, the rules of home finance aren't all that much different from corporate finance. Food producer B&G Foods (NYSE: BGS) decided to cut its dividend recently as a result of high debt and weak results. Once-high-flying Peloton Interactive (NASDAQ: PTON) has been struggling ever since the reopening of the global economy.
B&G Foods (BGS) sells the Back to Nature brand to Barilla America. Management expects to use the sale proceeds for long-term debt repayment, among others.