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Flowers Foods (NYSE:FLO) announced a dividend of $0.2475 per share on December 12. The annual payment is 9.0% of the current stock price, above the industry average. However, the company's profits don't cover the dividend, but cash flows easily cover it. The next 12 months are expected to see EPS grow by 10.7%, but the payout ratio could reach 102%, potentially unsustainable. Despite a solid track record and stable dividend, the growth rate is expected to slow down.

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