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B&G Foods cuts dividend by 50%, stock drops 13% amid fraud investigation.

Market News
14 May 2026
PRNewsWire
View Source
Bearish
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B&G Foods announced a 50% cut in its quarterly dividend from $0.19 to $0.095 per share to retain cash for debt repayment and other business needs. Following this announcement, the company's stock price fell 13.41% to $4.39. Pomerantz LLP is investigating whether B&G and its officers engaged in securities fraud or other unlawful practices, signaling potential legal risks ahead for investors. This development raises concerns about the company's financial health and governance.

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Barclays raises Hudbay Minerals price target to $32 on strong copper growth outlook.

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Light Up Chinatown! 2026 festival returns to Vancouver with food, music, and community events on August 8-9.

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Travelers are more strategic with rewards programs, seeking value and ease amid rising loyalty challenges.

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