Stock Purchase - FLO (100 shares, $64 div income)

Flowers Foods, Inc. (NYSE: FLO) produces and markets a wide variety of fresh and frozen bakery foods from breads, buns, and rolls to snack cakes and pastries. Some of their household brands includes Wonder (as in Wonder Bread), Sunbeam, Nature's Own and more...

The company stock price has taken a hit after recent news of lawsuits by truck drivers over their employee status and a review by US Dept of Labor. I think this presents a good entry point to add this stock. I am also comforted by their long history in business with increasing dividends.

This purchase will add $64 dividend income to my dividend stock portfolio

Basic info:

Market CAP: 3B   EPS:$0.88  Dividend: $0.64 (4.22%)