The FDA concluded the intended use of BVO is no longer safe after studies that it conducted in collaboration with the National Institutes of Health found potential for adverse health effects in humans.
The action increases the annualized dividend to 96¢ per share from 92¢ per share at this time last year and marks the 87th consecutive quarterly dividend paid by Flowers Foods.
B&G Foods this fiscal year began dividing financial results into four business units: specialty, meals, frozen and vegetables, and spicy and flavor solutions.