What happened Shares of B&G Foods (NYSE: BGS) slid 18.9% in November, according to data from S&P Global Market Intelligence, after the packaged food company reported third-quarter earnings that missed Wall Street expectations, but also slashed its dividend 60% from its previous payout rate. The pricing actions did help improve the profit margin for the period, covering 80% of rising commodity costs and inflation, and P&G says it has put the business on track for a solid fourth quarter. It reflects the impact of the Federal Reserve's record interest hikes on B&G's debt levels, which totaled $2.4 billion.