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Flowers Foods ups quarterly dividend by 5.9%

Georgia-based bakery Flowers Foods Inc. said May 24 that it increased its quarterly dividend by 5.9% year over year to 18 cents per share.

The dividend is payable on June 21 to shareholders on record as of June 7.

The move increases the company's annualized dividend rate to 72 cents per share from 68 cents in the year-ago period.