Flowers Foods, Inc.
FLO23 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
7.49%
Annual Dividend
$0.50
Payout Ratio
334%
5-Yr Growth
4.5%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Summary
As of September 2026, Flowers Foods, Inc. (FLO) yields 7.49% ($0.50 per share annually), with a blended fair-value estimate of $15.26 — +115% upside, so it screens as undervalued. Dividend safety grade: B (78/100). 23 years of dividend growth.
Is FLO a good dividend stock?
YesFlowers Foods, Inc. (FLO) pays a quarterly dividend yielding 7.49% ($0.50/yr), with 23 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 23 consecutive years of dividend growth
Risks
- Cut its dividend in 2003
- Elevated payout ratio (334%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.49%
- Payout Ratio
- 334%
- Annual Dividend
- $0.50
- 5-Yr Avg Growth
- 4.5%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 23
- Frequency
- quarterly
- Beta
- 0.40
- Market Cap
- $1.4B
- P/E Ratio
- 25.8
- 5-Yr Total Return
- -70%
- 52-Week Range
- $6.80 – $15.08
- Dividend Safety
- B · 78/100
- Ever Cut?
- Yes (2003)
Frequently Asked Questions
FLO Price — Last 12 Months
Daily close
Price Return
1 Year
-46%
3 Years
-68%
5 Years
-70%
52-Week Range
$6.80 – $15.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FLO worth?
Undervaluedlow confidenceOur blended fair-value estimate for Flowers Foods, Inc. is $15.26 per share, versus a market price of $7.10. That implies 115% of upside — a margin of safety of about 53%.
Fair Value
$15.26
Current Price
$7.10
Upside
+115%
Margin of Safety
53%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 3.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 3.0% stage-1 growth, 2.5% terminal growth, $0.26 EPS, $0.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FLO Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 12, 2026 | — | $0.1250 | regular |
| Mar 6, 2026 | — | $0.2480 | regular |
| Nov 28, 2025 | — | $0.2480 | regular |
| Sep 5, 2025 | — | $0.2480 | regular |
| Jun 5, 2025 | — | $0.2480 | regular |
| Feb 28, 2025 | — | $0.2400 | regular |
| Nov 29, 2024 | — | $0.2400 | regular |
| Sep 6, 2024 | — | $0.2400 | regular |
| Jun 6, 2024 | — | $0.2400 | regular |
| Feb 29, 2024 | — | $0.2300 | regular |
| Nov 30, 2023 | — | $0.2300 | regular |
| Aug 31, 2023 | — | $0.2300 | regular |
| Jun 7, 2023 | — | $0.2300 | regular |
| Mar 2, 2023 | — | $0.2200 | regular |
Income Calculator
At $0.50 / yr per share
