A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fifth of five consumer defensive sector stocks poised to join my Volio folio this week. This could be my thirty-eighth pick for Volio!

That consumer defensive sector includes twelve industries all related to providing convenient packaged goods we've just gotta have. Industries like: beverages, brewed, soft, or distilled; confectioners; discount stores; education & training; farm products; food distribution; grocery stores; household & personal products; packaged goods; tobacco.

My subject today is a packaged foods maker named, Flowers Foods Inc. Its trading ticker symbol is FLO. This is my fourth report on Flowers Foods Inc. It was previously reviewed for Volio in September 2019, then January 3, and March 11.

Flowers Foods Inc is an American company producing bakery food for retail and foodservice across the United States.

The product portfolio includes fresh bread, buns, rolls, snack cakes, and tortillas. The company distributes to supermarkets, convenience stores, and restaurants.

The operating segments are divided into direct store delivery, which provides fresh bread, tortillas, cakes, and rolls; and the warehouse segment, which distributes fresh snack cakes and frozen bread and rolls.

Key brands are Nature's Own, Whitewheat, Cobblestone Bread, Wonder, and Tastykake.

The company was formerly known as Flowers Industries and changed its name to Flowers Foods, Inc. in 2001.

Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.

I use three key data points to gauge dividend equities or funds like Flowers Foods Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

FLO Price

Flowers Food's price per share closed at $23.00 yesterday. A year ago their price was $23.00. The market was steady in the past year.

Assuming Flowers Food's stock trades in the range of $15 to $25 this next year, its recent $23.00 price might rise by $1.00 to reach $24.00 by May 22, 2021.

FLO Dividends

Flowers Food's most recent declared quarterly dividend was $0.19 paid March 13th That $0.19 Q dividend equates to $0.76 annually and yields 3.30% at yesterday's $23.00 share price.

FLO Gains?

Adding the $0.76 annual estimated dividend to my $1.00 optimistic estimate of Flowers Foods price upside shows a $1.76 potential gross gain, per share, to be reduced by any costs to trade those shares.

Put little over $1,000.00  today in Flowers Foods Inc shares at their $23.00 price, buys 44 shares of FLO stock.

A $10 broker fee paid half at purchase and half at sale could cost about $0.23 per share.

Subtract that $0.23  brokerage cost from my estimated $1.76 gross gain per share results in a net gain of $1.53 X 44 shares = $67.32 for a 6.7% net gain on a $1,012.00 investment.

Flowers Foods Inc shows a possible 6.7% net gain including a 3.30% dividend yield. It could be more, it could be less.

The above speculation is based on past performance and supposition. Only time and money invested will tell if Flowers Foods Inc is worth it.