B&G Foods Increases Dividend by 24% to $0.21

B&G Foods, Inc.

announced today that its Board of Directors increased the Company's quarterly dividend rate 24% from $0.17 per share of common stock to $0.21 per share of common stock. The next quarterly dividend will be payable on May 2, 2011 to shareholders of record as of March 31, 2011. At the closing market price of the common stock on February 22, 2011, the new dividend rate represents an annualized yield of 5.9%. This is the twenty-sixth consecutive quarterly dividend declared by the Board of Directors since B&G Foods' initial public offering in October 2004.