Don't Get Too Excited Over Flowers Foods' Split
May 28th 2013 7:54PM
Updated May 28th 2013 9:20PM
Last week, bread maker Flowers Foods announced a plan to split its stock 3-for-2, hiking its dividend in the process. Investors cheered the news, bidding up Flowers' share price by 4%, but should they have?
Listen in as Fool contributor Rich Smith crunches the numbers on what Flowers share will look like after the split, and after the hike, and explains why all this good news still doesn't make Flowers a buy.
If you're on the lookout for better-yielding stocks than Flowers, The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It's called "Secure Your Future With 9 Rock-Solid Dividend Stocks." You can access your copy today at no cost! Just click here.
The article Don't Get Too Excited Over Flowers Foods' Split originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Flowers Foods. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.