J & J SNACK FOODS CORP. ANNOUNCES INCREASE IN ITS QUARTERLY CASH DIVIDEND
11 Agosto 2022 - 10:15PM
J & J Snack Foods Corp. (NASDAQ: JJSF) announced today that its
Board of Directors has declared a quarterly cash dividend of $0.70
per share of its common stock payable on October 11, 2022, to
shareholders of record as of the close of business on September 19,
2022. The cash dividend of $0.70 per share represents an increase
of 10.6 % from the previous quarterly dividend rate of $0.633 per
share.
The declaration and payment of dividends is
subject to the discretion of the Board of Directors and depends on
various factors, including the Company’s net income, financial
position, cash requirements, restrictions in our credit facility
and other factors deemed relevant by our Board of Directors.
J & J Snack Foods Corp. is a leader and
innovator in the snack food industry, providing innovative, niche
and affordable branded snack foods and beverages to foodservice,
and retail supermarket outlets. Manufactured and distributed
nationwide, our principal products include SUPERPRETZEL, the #1
soft pretzel brand in the world, as well as internationally known
ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S Real Italian Ice,
MINUTE MAID* frozen ices, WHOLE FRUIT sorbet and frozen fruit bars,
SOUR PATCH KIDS** Flavored Ice Pops, DIPPIN’ DOTS ice cream, Tio
Pepe’s & CALIFORNIA CHURROS, and THE FUNNEL CAKE FACTORY funnel
cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME
BAKERS and HILL & VALLEY. For more information,
please visit http://www.jjsnack.com.
*MINUTE MAID is a registered trademark of The
Coca-Cola Company**SOUR PATCH KIDS is a registered trademark of
Mondelēz International group, used under license.
Certain statements in this press release may be
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, and are subject to the
safe harbor created thereby. Please refer to our public filings for
a discussion of certain important factors that relate to
forward-looking statements contained in this press release. The
words "believe," "expect," "anticipate," "estimate," "guidance,"
"target," "intend" and similar expressions identify forward-looking
statements. Although we believe that the expectations reflected in
these forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
Investor Contact:
Joseph Jaffoni, Norberto Aja or Jennifer Neuman
JCIR
(212) 835-8500
jjsf@jcir.com
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