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B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2020
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dividends
B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for dividends paid in 2020 on the Company’s common stock. Holders are urged to check their 2020 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 2020 is posted to the Investors section of B&G Foods’ website, www.bgfoods.com, under the headings “FAQs” and “IRS Form 8937.” Holders are also urged to consult their own tax advisors to determine their individual tax treatment.
In 2020, B&G Foods distributed $1.90000 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, 74.95153% (or $1.42408 per share) will be treated as a taxable dividend and 25.04847% (or $0.47592 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 2020 on the Company’s common stock.
Declaration
Date
Record
Date
Payment
Date
Total Per Share
Distribution
2020 Taxable
Dividend
2020 Return of
Capital
10/29/2019
12/31/2019
1/30/2020
$0.47500
$0.35602
$0.11898
2/24/2020
3/31/2020
4/30/2020
$0.47500
$0.35602
$0.11898
5/13/2020
6/30/2020
7/30/2020
$0.47500
$0.35602
$0.11898
7/28/2020
9/30/2020
10/30/2020
$0.47500
$0.35602
$0.11898
2020 Totals
$1.90000
$1.42408
$0.47592
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, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, 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.
b&g foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable 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, emeril’s, grandma’s molasses, jj flats, joan of arc, las palmas, 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, rickland orchards, sa-són, sclafani, smart puffs, spring tree, sugar twin, trappey’s, truenorth, underwood, vermont maid and wright’s. b&g foods also sells and distributes static guard, a household product brand. to view our open positions, visit us @ http://www.bgfoods.com/careers/careers.asp