B&G Foods, Inc. announced on February 14, 2025, the tax treatment for dividends paid on its common stock in 2024. The company determined that all distributions totaling $0.76000 per share will be treated as a return of capital for U.S. federal income tax purposes.
This means that no portion of the 2024 distributions will be considered a taxable dividend. Generally, a return of capital reduces a holder's tax basis in their common stock, with any excess treated as capital gains.
The company urged holders to verify their 2024 tax statements from brokerage firms against this information and to consult their own tax advisors for individual tax treatment. This clarification provides important guidance for investors regarding their tax obligations.
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