5 Value Stocks with Highest Dividends

2. Flowers Foods, Inc. (NYSE:FLO)

Dividend Yield as of April 14: 12.02%

Forward P/E Ratio: 9.69

On April 9, BNP Paribas analyst Max Gumport lowered the firm’s price recommendation on Flowers Foods, Inc. (NYSE:FLO) to $8 from $10. It maintained an Underperform rating on the shares. The firm said US packaged food valuations “look cheap relative to history,” but added they are “cheap for a reason.” It lowered targets across several companies in the group, pointing to volume growth that “looks to be muted at best” and pricing power that “could be somewhat illusory.”

On April 8, the company said that Tom Winters, chief supply chain officer, will retire effective April 17. He has been part of the leadership team since 2022, and the company has started a search for his successor. Before joining Flowers, Winters held senior roles at PepsiCo and Procter & Gamble Company. Most recently, he served as senior vice president of supply chain for PepsiCo’s North American Beverages and Nutrition divisions. Over his career, he played a key role in driving efficiency initiatives that supported operational stability and growth.

Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States, with 2025 net sales of $5.3 billion. The company operates bakeries across the country and produces a wide range of bakery products.