Stock Purchase - B&G Foods Inc. (50 shares, $72 div income)

B&G Foods, Inc. (NYSE: BGS) manufacture, sell and distribute branded shelf-stable foods across the United States, Canada and Puerto Rico.

Among their well known brands are Static Guard and Kleen Guard.

BGS's business is easy to understand so I'm adopting the "Invest in what you know" - Peter Lynch  model of investing here. Their stock price has been steadily climbing while business has been growing together with recent dividends increases.  They have at least 5+ yrs of consistent dividend growth and hopefully this growing company will keep those returns coming for many more years to come.

This purchase will add $72/yr to the dividend income portfolio

Basic info:

Market CAP: 2B   EPS: $1.25  Dividend: $1.68 (4.3%)