Armanino Foods of Distinction, Inc. Announces Its Regular Quarterly Dividend of $0.0363 Per Share
Armanino Foods of Distinction, Inc. (OTCQX: AMNF) has announced its 96th consecutive quarterly dividend of $0.0363 per share. The dividend will be payable to shareholders of record on September 30, 2024 and disbursed around October 25, 2024. This maintains the company's highest payout per share in its history, reflecting confidence in its financial position.
The company recently graduated to the OTCQX Market and remains focused on penetrating new markets, improving margins, and meeting customer needs. Armanino's strong working capital position allows for strategic investments and growth opportunities, including potential acquisitions in adjacent markets. The company specializes in frozen Italian specialty food items for foodservice, retail, and industrial markets, offering a variety of pesto flavors, sauces, and other products.
Armanino Foods of Distinction, Inc. (OTCQX: AMNF) ha annunciato il suo 96° dividendo trimestrale consecutivo di $0.0363 per azione. Il dividendo sarà pagabile agli azionisti registrati il 30 settembre 2024 e distribuito intorno al 25 ottobre 2024. Questo mantiene il più alto pagamento per azione nella storia dell'azienda, riflettendo fiducia nella sua posizione finanziaria.
L'azienda è recentemente passata al mercato OTCQX e rimane concentrata sull'ingresso in nuovi mercati, miglioramento dei margini e soddisfacimento delle esigenze dei clienti. La forte posizione di capitale circolante di Armanino consente investimenti strategici e opportunità di crescita, comprese potenziali acquisizioni in mercati adiacenti. L'azienda è specializzata in prodotti alimentari italiani congelati per il servizio di ristorazione, la vendita al dettaglio e i mercati industriali, offrendo una varietà di sapori di pesto, salse e altri prodotti.
Armanino Foods of Distinction, Inc. (OTCQX: AMNF) ha anunciado su 96º dividendo trimestral consecutivo de $0.0363 por acción. El dividendo será pagadero a los accionistas registrados el 30 de septiembre de 2024 y se distribuirá alrededor del 25 de octubre de 2024. Esto mantiene el mayor pago por acción en la historia de la compañía, reflejando confianza en su posición financiera.
Recientemente, la compañía se trasladó al mercado OTCQX y sigue enfocada en penetrar nuevos mercados, mejorar márgenes y satisfacer las necesidades del cliente. La sólida posición de capital de trabajo de Armanino permite inversiones estratégicas y oportunidades de crecimiento, incluidas posibles adquisiciones en mercados adyacentes. La empresa se especializa en alimentos congelados italianos para el mercado de servicios de alimentos, retail e industrial, ofreciendo una variedad de sabores de pesto, salsas y otros productos.
Armanino Foods of Distinction, Inc. (OTCQX: AMNF)는 96번째 연속 분기 배당금으로 주당 $0.0363를 발표했습니다. 배당금은 2024년 9월 30일에 등록된 주주에게 지급되며, 2024년 10월 25일경에 분배됩니다. 이는 회사 역사상 가장 높은 주당 배당금을 유지하며, 재무 상태에 대한 신뢰를 반영합니다.
회사는 최근 OTCQX 시장으로 졸업했으며, 새로운 시장 침투, 마진 개선 및 고객 요구 충족에 집중하고 있습니다. Armanino의 강력한 운영 자본 위치는 전략적 투자 및 성장 기회를 가능하게 하며, 인접 시장에서의 가능성 있는 인수도 포함됩니다. 이 회사는 식음료 서비스, 소매 및 산업 시장을 위한 냉동 이탈리안 특선 음식 품목을 전문으로 하며, 다양한 페스토 맛, 소스 및 기타 제품을 제공합니다.
Armanino Foods of Distinction, Inc. (OTCQX: AMNF) a annoncé son 96ème dividende trimestriel consécutif de 0,0363 $ par action. Le dividende sera payable aux actionnaires inscrits le 30 septembre 2024 et distribué aux alentours du 25 octobre 2024. Cela maintient le plus haut versement par action de l'histoire de l'entreprise, reflétant la confiance dans sa position financière.
L'entreprise a récemment été acceptée sur le marché OTCQX et reste concentrée sur l'entrée dans de nouveaux marchés, l'amélioration des marges et la satisfaction des besoins des clients. La solide position en fonds de roulement d'Armanino permet des investissements stratégiques et des opportunités de croissance, y compris de potentielles acquisitions dans des marchés adjacents. L'entreprise est spécialisée dans les aliments italiens congelés pour la restauration, le commerce de détail et les marchés industriels, offrant une variété de saveurs de pesto, de sauces et d'autres produits.
Armanino Foods of Distinction, Inc. (OTCQX: AMNF) hat seine 96. aufeinanderfolgende vierteljährliche Dividende von 0,0363 $ pro Aktie angekündigt. Die Dividende wird an Aktionäre, die am 30. September 2024 eingetragen sind, ausgezahlt und ungefähr am 25. Oktober 2024 ausgezahlt. Dies hält die höchste Ausschüttung pro Aktie in der Geschichte des Unternehmens aufrecht und spiegelt das Vertrauen in die finanzielle Situation wider.
Das Unternehmen hat kürzlich den OTCQX Markt erreicht und konzentriert sich weiterhin darauf, neue Märkte zu erschließen, die Margen zu verbessern und die Kundenbedürfnisse zu erfüllen. Die starke Liquiditätsposition von Armanino ermöglicht strategische Investitionen und Wachstumschancen, einschließlich potenzieller Übernahmen in angrenzenden Märkten. Das Unternehmen spezialisiert sich auf gefrorene italienische Spezialitäten für die Gastronomie-, Einzelhandels- und Industriewelt und bietet eine Vielzahl von Pesto-Geschmacksrichtungen, Saucen und anderen Produkten an.
- Declared 96th consecutive quarterly dividend of $0.0363 per share
- Maintained highest payout per share in company history
- Recently graduated to OTCQX Market
- Strong working capital position
- Continued growth in operating performance
- None.
Douglas R. Nichols, Chairman of the Board stated, “Maintaining our highest payout per share in our history represents our continued confidence in our financial position, as well as our focus on sharing our success with our shareholders. We remain confident in management’s ability to achieve best in class results as demonstrated by our dividend history, as well as our recent announcement concerning our graduation to the OTCQX Market.”
Tim Anderson, President, and CEO commented, “We remain confident in our ability to build upon our strong foundation and continue strengthening our financial position as we seek to penetrate new markets, improve margins and meet the emerging needs of our diverse customer base, and ultimately, end user consumers. Our working capital position has continued to grow based on the strength of our operating performance. This strength will allow us to provide enhanced value to our investors as well as the financial flexibility to continue to consider various strategic investments to support growth opportunities.”
Anderson concluded, “Our financial position remains strong affording us the opportunity to continually invest in diversified channels through organic growth initiatives and to explore financially accretive opportunities in adjacent markets, with a continued eye towards acquisitions. We view acquisition opportunities as a means to strengthen our existing capabilities and grow in new categories.”
Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto, Armanino offers other flavors and sauces including as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light Basil Pesto, Chimichurri, Harissa, Bolognese, and Alfredo. Armanino’s organic line includes classic Basil Pesto. Finally, Armanino Foods also offers cheese shakers, frozen pastas, meatballs, and prepared meals.
Cautionary Statements Regarding Forward-Looking Information
The declaration of cash dividends in the future, pursuant to the Company’s dividend policy, is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company’s financial performance and its available cash resources. For this reason, as well as others, there can be no assurance that dividends in the future will be equal or similar to the amount described in this press release or that the Board of Directors will not decide to suspend or discontinue the payment of cash dividends in the future.
Statements in this news release regarding our expectations and beliefs about our future financial performance and trends in our markets are “forward- looking statements” as defined in the Private Securities Litigations Reform Act of 1995. Forward-looking statements often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”
The forward-looking statements in this news release regarding our future financial performance are based on current information and because our business is subject to several risks and uncertainties, actual operating results in the future may differ significantly from the future financial performance expected at the current time. Those risks and uncertainties may include, among others: economic factors affecting consumer confidence and discretionary spending and reducing the consumption of food prepared away from home; the extent and duration of the negative impact of the COVID-19 pandemic and its consequences on the Company; cost inflation/deflation and commodity volatility; competition; reliance on third party suppliers and interruption of product supply or increases in product costs; changes in the Company’s relationships with customers and group purchasing organizations; the Company’s ability to increase or maintain the highest margin portions of the Company’s business; achievement of expected benefits from cost savings initiatives; increases in fuel costs; changes in consumer eating habits; cost and pricing structures and other governmental regulation, including actions taken by national, state and local governments to contain and/or respond to the COVID-19 pandemic and its consequences; product recalls and product liability claims; and our reputation in the industry. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on information and estimates available to the Company at this time. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law.
The best source of information on the company is the OTC Markets website (http://www.otcmarkets.com/stock/AMNF/company-info).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240923413744/en/
For further information, please contact:
Edgar Estonina
CFO
(510) 441-9300
amnf@armaninofoods.com
Source: Armanino Foods of Distinction, Inc.
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