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Dave,

I wonder is you have reviewed BGS's 4th quarter and full year 2020 results?

Full year sales up 18.5% and 4Q sales up 8.5%. Green Giant sales were up only 0.6% for 4Q.

One surprise is that about 25% of its dividend was considered non-dividend distribution. A little surprised by that.

Everyone expects 2021 sales to decline somewhat, but the 4Q sales at up 8.5% were pretty positive. So while several quarters of 2021 sales will probably fall short of 2020, they might still be pretty good by historical measures.

You thoughts?

John
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I’ve been an investor of BGS for a number of years. My thinking was and still is....people like lower prices on food and buy generics/store brands and also, people have to eat so food is a necessary item.

The classification of their dividends as return of capital, aka non-dividend distribution is nothing new for this stock. You might want to look up the history of this.

Lucky Dog
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I just looked at the BG website and pulled up a random date concerning their dividends.

https://bgfoods.com/wp-content/uploads/2016-Common-Stock-Dis...
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Hi John!

Like this Seeking Alpha contributor I found the latest earnings report and conference call to be disappointing:

https://seekingalpha.com/article/4412041-bgs-stock-stellar-2...

But I will hold onto my shares to see how well the company performs in 2021. And I expect the dividend to be maintained at $1.90 annually.

Another Seeking Alpha contributor, Crunching Numbers, is a long-time BGS shareholder and will post his thoughts about BGS soon.

David
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SO SeekingAlpha has gone under the paywall now?
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SO SeekingAlpha has gone under the paywall now?

The article I posted is not yet behind the SA paywall. I just now accessed it.

Those articles usually remain freely available for around 10 days after posting, sometimes longer.

David
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