Flowers Foods, Inc.

FLO23 yrs growth

Consumer Defensive · Packaged Foods · Stock · quarterly payer

$6.14

Undervalued · +34% Add to Portfolio

Forward Yield

8.14%

Annual Dividend

$0.50

Payout Ratio

321%

5-Yr Growth

4.5%

Ex-Date

Sep 11, 2026

Frequency

Quarterly

Key facts about FLO's dividend

Data as of Oct 27, 2026 · Source: SmarterDividends data

As of Oct 27, 2026, Flowers Foods, Inc. (FLO) has a forward dividend yield of 8.14%, based on an annual dividend of $0.50 per share and a share price of $6.14.
As of Oct 27, 2026, FLO's dividend safety grade from SmarterDividends is C (50 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, Flowers Foods, Inc. (FLO) has raised its dividend for 23 consecutive years as of Oct 27, 2026.
FLO last cut its regular dividend in 2003.
FLO's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.13 per share.
As of Oct 27, 2026, FLO pays out 321% of its trailing 12-month earnings as dividends (its payout ratio).
FLO's dividend has grown at an average rate of 4.5% a year over the past five years.
As of Oct 27, 2026, FLO's 8.14% yield is 95% above its five-year average yield of 4.17%.
As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for FLO is $8.20 per share, 34% above the $6.14 share price, so FLO screens as undervalued.
Flowers Foods, Inc. (FLO) pays its dividend quarterly, 4 times a year.
Flowers Foods, Inc. (FLO) has raised its regular dividend 73 times and cut it 2 times across the 152 payments on record since 1987. Its most recent change was a 49.6% cut to $0.125 per share, going ex-dividend on Jun 12, 2026.
Flowers Foods (FLO) has declared its first higher dividend of the year in May in 5 of the last 5 years; its most recent raise, 3.3%, was declared on May 22, 2025.

Cite this page

SmarterDividends, "FLO Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/FLO

Summary

As of Oct 27, 2026, Flowers Foods, Inc. (FLO) yields 8.14% ($0.50 a year per share), has a dividend safety grade of C (50/100) and has 23 consecutive years of dividend increases on record.

Is FLO a good dividend stock?

Mixed

Flowers Foods, Inc. (FLO) pays a quarterly dividend yielding 8.14% ($0.50/yr), with 23 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

23 consecutive years of dividend growth

Risks

Cut its dividend in 2003
Elevated payout ratio (321%)
Very high yield can signal elevated risk
Share price is down over the past 5 years

Key Data

Dividend Yield: 8.14%
Payout Ratio: 321%
Annual Dividend: $0.50
5-Yr Avg Growth: 4.5%
Ex-Dividend Date: Sep 11, 2026
Years of Growth: 23
Frequency: quarterly
Beta: 0.43
Market Cap: $1.3B
P/E Ratio: 22.7
5-Yr Total Return: -76%
52-Week Range: $5.40 – $12.87
Dividend Safety: C · 50/100
Ever Cut?: Yes (2003)

FLO dividend raises and cuts

Flowers Foods, Inc. (FLO) has raised its regular dividend 73 times and cut it 2 times across the 152 payments on record since 1987. Its most recent change was a 49.6% cut to $0.125 per share, going ex-dividend on Jun 12, 2026.

Ex-date	Change	Old → new	Move
Jun 12, 2026	Cut	$0.248 → $0.125	−49.6%
Jun 5, 2025	Raise	$0.240 → $0.248	+3.3%
Jun 6, 2024	Raise	$0.230 → $0.240	+4.3%
Jun 7, 2023	Raise	$0.220 → $0.230	+4.5%
Jun 8, 2022	Raise	$0.210 → $0.220	+4.8%
Jun 9, 2021	Raise	$0.200 → $0.210	+5.0%
Jun 4, 2020	Raise	$0.190 → $0.200	+5.3%
Jun 6, 2019	Raise	$0.180 → $0.190	+5.6%
Jun 6, 2018	Raise	$0.170 → $0.180	+5.9%
Jun 7, 2017	Raise	$0.160 → $0.170	+6.3%
Jun 7, 2016	Raise	$0.145 → $0.160	+10.3%
Jun 17, 2015	Raise	$0.133 → $0.145	+9.0%

Show all 75 changes since 1987

Ex-date	Change	Old → new	Move
Dec 3, 2014	Raise	$0.120 → $0.133	+10.8%
Jun 2, 2014	Raise	$0.113 → $0.120	+6.2%
Aug 28, 2013	Raise	$0.113 → $0.113	+0.3%
Jun 3, 2013	Raise	$0.107 → $0.113	+5.6%
Jun 13, 2012	Raise	$0.100 → $0.107	+6.7%
Jun 8, 2011	Raise	$0.0889 → $0.100	+12.5%
Jun 16, 2010	Raise	$0.0778 → $0.0889	+14.3%
Jun 17, 2009	Raise	$0.0667 → $0.0778	+16.7%
Jun 11, 2008	Raise	$0.0556 → $0.0667	+20.0%
Sep 5, 2007	Raise	$0.0370 → $0.0556	+50.0%
Jun 14, 2006	Raise	$0.0296 → $0.0370	+25.0%
Jun 15, 2005	Raise	$0.0247 → $0.0296	+20.0%
Jun 16, 2004	Raise	$0.0198 → $0.0247	+25.0%
Sep 2, 2003	Raise	$0.0132 → $0.0198	+50.0%
Jun 11, 2003	Raise	$0.0066 → $0.0132	+100.0%
Nov 26, 2002	Cut	$0.0117 → $0.0066	−43.6%
Dec 1, 1999	Raise	$0.0114 → $0.0117	+2.3%
Sep 22, 1999	Raise	$0.0112 → $0.0114	+1.6%
Jun 9, 1999	Raise	$0.0110 → $0.0112	+2.4%
Feb 24, 1999	Raise	$0.0107 → $0.0110	+2.5%
Dec 2, 1998	Raise	$0.0105 → $0.0107	+1.7%
Sep 23, 1998	Raise	$0.0104 → $0.0105	+1.7%
Jun 10, 1998	Raise	$0.0101 → $0.0104	+2.6%
Jan 21, 1998	Raise	$0.0098 → $0.0101	+2.7%
Oct 29, 1997	Raise	$0.0097 → $0.0098	+1.8%
Aug 13, 1997	Raise	$0.0095 → $0.0097	+1.9%
Apr 16, 1997	Raise	$0.0091 → $0.0095	+4.5%
Jan 22, 1997	Raise	$0.0089 → $0.0091	+2.0%
Oct 30, 1996	Raise	$0.0088 → $0.0089	+1.3%
Aug 14, 1996	Raise	$0.0087 → $0.0088	+1.4%
Apr 17, 1996	Raise	$0.0083 → $0.0087	+4.2%
Nov 1, 1995	Raise	$0.0082 → $0.0084	+2.4%
Aug 16, 1995	Raise	$0.0081 → $0.0082	+1.0%
Apr 17, 1995	Raise	$0.0080 → $0.0081	+1.5%
Jan 23, 1995	Raise	$0.0079 → $0.0080	+1.5%
Oct 31, 1994	Raise	$0.0078 → $0.0079	+1.0%
Aug 15, 1994	Raise	$0.0077 → $0.0078	+1.0%
Apr 25, 1994	Raise	$0.0076 → $0.0077	+1.5%
Jan 31, 1994	Raise	$0.0074 → $0.0076	+2.6%
Aug 16, 1993	Raise	$0.0073 → $0.0074	+1.6%
Apr 12, 1993	Raise	$0.0071 → $0.0073	+2.7%
Oct 26, 1992	Raise	$0.0070 → $0.0071	+1.1%
Aug 24, 1992	Raise	$0.0069 → $0.0070	+1.7%
Apr 10, 1992	Raise	$0.0068 → $0.0069	+1.1%
Jan 17, 1992	Raise	$0.0067 → $0.0068	+1.7%
Oct 28, 1991	Raise	$0.0066 → $0.0067	+1.2%
Aug 12, 1991	Raise	$0.0065 → $0.0066	+1.8%
Apr 22, 1991	Raise	$0.0064 → $0.0065	+1.2%
Jan 18, 1991	Raise	$0.0063 → $0.0064	+1.9%
Oct 29, 1990	Raise	$0.0062 → $0.0063	+1.2%
Aug 13, 1990	Raise	$0.0060 → $0.0062	+3.2%
Apr 23, 1990	Raise	$0.0059 → $0.0060	+3.3%
Jan 22, 1990	Raise	$0.0057 → $0.0059	+3.4%
Oct 30, 1989	Raise	$0.0055 → $0.0057	+3.6%
Aug 14, 1989	Raise	$0.0053 → $0.0055	+3.7%
Apr 24, 1989	Raise	$0.0051 → $0.0053	+3.8%
Jan 23, 1989	Raise	$0.0049 → $0.0051	+4.0%
Oct 31, 1988	Raise	$0.0047 → $0.0049	+4.2%
Aug 15, 1988	Raise	$0.0045 → $0.0047	+4.3%
Apr 25, 1988	Raise	$0.0043 → $0.0045	+4.5%
Jan 15, 1988	Raise	$0.0039 → $0.0043	+10.0%
Aug 10, 1987	Raise	$0.0038 → $0.0039	+3.4%
Apr 10, 1987	Raise	$0.0036 → $0.0038	+3.6%

Every FLO payment →Download every raise and cut (CSV)

FLO ex-dividend date & scheduleNext ex-date Sep 11, 2026 · full ex-dividend historyView →FLO dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FLO a good dividend stock?

Mixed. Flowers Foods, Inc. (FLO) pays a quarterly dividend yielding 8.14% ($0.50/yr), with 23 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is FLO undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FLO's fair value is about $8.20 versus a $6.14 share price — so it looks undervalued (+34% vs. fair value).

Is FLO's dividend safe?

FLO has a dividend-safety grade of C (50/100), based on its payout coverage, free-cash-flow, 23-year growth streak, a dividend cut in 2003, debt and yield-versus-history.

What is FLO's fair value?

Our blended fair-value estimate for FLO is about $8.20 per share, roughly 34% above the current $6.14 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FLO a buy, hold, or sell?

We don't issue formal ratings, but on the data FLO screens as "mixed" and undervalued. Flowers Foods, Inc. (FLO) pays a quarterly dividend yielding 8.14% ($0.50/yr), with 23 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will FLO cut its dividend?

FLO earns a dividend-safety grade of C (50/100), and has cut its dividend before (last in 2003). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FLO pay a dividend?

Yes. Flowers Foods, Inc. pays a quarterly dividend of about $0.50 per share annually, a forward yield of roughly 8.14%.

What is FLO's dividend yield?

As of Oct 27, 2026, FLO's forward dividend yield is 8.14%, based on a $0.50 annual dividend and a $6.14 share price.

What is FLO's dividend per share?

As of Oct 27, 2026, FLO pays $0.50 per share per year, distributed on a quarterly basis.

What is FLO's dividend payout ratio?

As of Oct 27, 2026, FLO's payout ratio is 321% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has FLO grown its dividend?

As of Oct 27, 2026, FLO has increased its dividend for 23 consecutive years.

When is the next FLO ex-dividend date?

As of Oct 27, 2026, FLO's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.13 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full FLO dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 11, 2026	Sep 25, 2026	$0.1250	regular
Jun 12, 2026	Jun 26, 2026	$0.1250	regular
Mar 6, 2026	Mar 20, 2026	$0.2480	regular
Nov 28, 2025	Dec 12, 2025	$0.2480	regular
Sep 5, 2025	Sep 19, 2025	$0.2480	regular
Jun 5, 2025	Jun 19, 2025	$0.2480	regular
Feb 28, 2025	Mar 14, 2025	$0.2400	regular
Nov 29, 2024	Dec 13, 2024	$0.2400	regular
Sep 6, 2024	Sep 20, 2024	$0.2400	regular
Jun 6, 2024	Jun 20, 2024	$0.2400	regular
Feb 29, 2024	Mar 15, 2024	$0.2300	regular
Nov 30, 2023	Dec 15, 2023	$0.2300	regular
Aug 31, 2023	Sep 15, 2023	$0.2300	regular
Jun 7, 2023	Jun 22, 2023	$0.2300	regular

FLO Dividend News

CutFLO·Jun 15, 2026

Flowers Foods Cuts Quarterly Dividend

Flowers Foods reduced its quarterly dividend to $0.125 per share, ending a 23-year growth streak and resetting the payout ahead of the June 12, 2026, ex-dividend date.