|Q.||On which exchange and under what ticker symbol is B&G Foods’ common stock listed for trading?|
|A.||B&G Foods’ shares of common stock are listed for trading on the New York Stock Exchange under the ticker symbol “BGS.”|
|Q.||When did B&G Foods’ common stock begin trading on the New York Stock Exchange?
|A.||B&G Foods’ common stock began trading on the New York Stock Exchange on May 23, 2007.|
|Q.||Who is B&G Foods’ transfer agent?|
|A.||Computershare is B&G Foods’ transfer agent.|
|Q.||When does B&G Foods’ fiscal year end?|
|A.||B&G Foods’ fiscal year is the fifty-two or fifty-three week period ending on the Saturday closest to December 31.|
|Q.||Does B&G Foods have a reinvestment plan?|
|A.||No, B&G Foods does not have a reinvestment plan. |
|Q.||What payments can be expected as a holder of common stock? |
|A.||Holders of shares of our common stock may receive quarterly dividend payments on the shares of common stock if and to the extent dividends are declared by our board of directors. We have declared and paid quarterly dividends on our common stock each quarter since we became a public company in 2004. The current intended dividend rate on our common stock is $0.465 per share (equal to $1.86 per share annually). We currently intend to continue paying quarterly dividends on our common stock at that rate on or about January 30, April 30, July 30 and October 30 of each year to holders of record on or about the preceding December 31, March 31, June 30 and September 30, respectively. Dividend payments, however, are not mandatory or guaranteed and holders of our common stock do not have any legal right to receive, or require us to pay, dividends. Our board of directors may at any time decrease the level of dividends or entirely discontinue the payment of dividends.|
|Q.||Does B&G Foods have two classes of common stock?|
|A.||No. B&G Foods no longer has two classes of common stock. As of August 13, 2010, B&G Foods’ Class A common stock was renamed “common stock.” The renaming of our Class A common stock to common stock did not result in any change to the ticker symbol or CUSIP number. Our common stock continues to be listed on the New York Stock Exchange under the symbol “BGS” and the CUSIP number remains 05508R 10 6.|
|Q.||Does B&G Foods have any issued and outstanding shares of preferred stock?|
|Q.||How do holders of our common stock treat distributions for tax purposes?|
|A.||Distributions paid on shares of common stock will be taxable to you as dividend income to the extent those distributions are paid out of our current or accumulated earnings and profits. If you are an individual, such dividend income will be subject to tax at long-term capital gains rates provided you meet certain holding period and other requirements. Distributions on our shares of common stock not paid out of our current or accumulated earnings and profits will be treated as a return of capital to the extent of your basis in your shares of common stock and any such payments in excess of your basis will be taxed as capital gain.
Click here for detailed tax treatment information for 2015 common stock distributions. As treatments may vary due to individual status and other considerations, B&G Foods urges you to consult your own tax advisor for your individual treatment.
It is possible that a portion of the dividends paid by B&G Foods during 2016 could
represent a return of capital distribution to recipients for U.S. federal income tax purposes. However, the determination of the actual characterization of distributions made during 2016 cannot be determined until after the close of the year, and will be reflected in the 2016 Form 1099-DIV (sent in early 2017). B&G Foods expects to post detailed tax information for 2016 common stock distributions in January or February 2017.