Bridgford Foods Corp. Announces 2nd Consecutive Annual 10% Stock Dividend and Increased Cash Dividend.

ANAHEIM, Calif.--(BUSINESS WIRE)--Nov. 17, 1998--Bridgford Foods Corp. (Nasdaq: BRID) Tuesday announced their 2nd consecutive annual 10% stock dividend and a 10% increase in cash dividends.

The stock dividend and cash dividend will be paid Jan. 4, 1999 to shareholders of record on Dec. 8, 1998. The regular quarterly cash dividend of $0.06 per share will be paid on all shares outstanding after the stock dividend has been issued. Bridgford previously issued a 10% stock dividend in January 1998.

Bridgford anticipates having 11.4 million shares outstanding after the January 1999 stock dividend has been issued. After completing this stock dividend, Bridgford Foods will have issued a total of 10.1 million shares of common stock in the form of stock dividends and stock splits since 1988. Since 1963, Bridgford Foods has issued a total of 10.8 million shares of common stock for stock dividends and stock splits.

Bridgford Foods, a producer of frozen bread dough, microwaveable sandwiches, processed meats, dry sausages and other convenience food products, stated the dividend increase is in recognition of the successful fiscal year that ended Oct. 30, 1998.