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J & J SNACK FOODS CORP. ANNOUNCES INCREASE IN ITS QUARTERLY CASH DIVIDEND

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J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a 6% increase in its quarterly cash dividend. The Board of Directors has declared a dividend of $0.78 per share of common stock, up from the previous $0.735 per share. This dividend will be payable on October 8, 2024, to shareholders of record as of the close of business on September 17, 2024. The company emphasizes that dividend declarations and payments are subject to the Board's discretion and depend on various factors, including net income, financial position, cash requirements, and credit facility restrictions.

J & J Snack Foods Corp. (NASDAQ: JJSF) ha annunciato un incremento del 6% nel suo dividendo trimestrale in contante. Il Consiglio di Amministrazione ha dichiarato un dividendo di 0,78 dollari per azione di azioni ordinarie, rispetto ai precedenti 0,735 dollari per azione. Questo dividendo sarà pagabile l'8 ottobre 2024 agli azionisti registrati alla chiusura delle attività del 17 settembre 2024. L'azienda sottolinea che le dichiarazioni e i pagamenti dei dividendi sono soggetti al discrezionale del Consiglio e dipendono da vari fattori, tra cui il reddito netto, la posizione finanziaria, le esigenze di liquidità e le restrizioni delle linee di credito.

J & J Snack Foods Corp. (NASDAQ: JJSF) ha anunciado un aumento del 6% en su dividendo en efectivo trimestral. La Junta Directiva ha declarado un dividendo de 0,78 dólares por acción de acciones ordinarias, un aumento respecto al anterior de 0,735 dólares por acción. Este dividendo será pagadero el 8 de octubre de 2024, a los accionistas registrados al cierre de operaciones del 17 de septiembre de 2024. La empresa enfatiza que las declaraciones y pagos de dividendos están sujetos a la discreción de la Junta y dependen de varios factores, incluidos el ingreso neto, la posición financiera, las necesidades de efectivo y las restricciones de las facilidades de crédito.

J & J Snack Foods Corp. (NASDAQ: JJSF)는 분기 현금 배당금이 6% 오른다고 발표했습니다. 이사회는 보통주 1주당 $0.78의 배당금을 선언했으며, 이는 이전의 $0.735에서 증가한 것입니다. 이 배당금은 2024년 10월 8일에 지급되며, 2024년 9월 17일 영업 종료 시점의 주주에게 지급됩니다. 회사는 배당금의 선언 및 지급이 이사회의 재량에 따라 다르며, 순이익, 재무 상태, 현금 요구 사항, 신용 시설 제한 등 다양한 요인에 따라 달라진다고 강조합니다.

J & J Snack Foods Corp. (NASDAQ: JJSF) a annoncé une augmentation de 6% de son dividende trimestriel en espèces. Le conseil d'administration a déclaré un dividende de 0,78 $ par action d'actions ordinaires, en hausse par rapport à l'ancien montant de 0,735 $ par action. Ce dividende sera payable le 8 octobre 2024 aux actionnaires enregistrés à la clôture des affaires du 17 septembre 2024. La société souligne que les déclarations et les paiements de dividendes sont soumis à la discrétion du conseil et dépendent de divers facteurs, y compris le revenu net, la situation financière, les besoins de trésorerie et les restrictions des facilités de crédit.

J & J Snack Foods Corp. (NASDAQ: JJSF) hat eine 6%-Erhöhung seiner vierteljährlichen Bardividende bekannt gegeben. Der Vorstand hat eine Dividende von 0,78 $ pro Aktie der Stammaktien erklärt, was einen Anstieg gegenüber den vorherigen 0,735 $ pro Aktie darstellt. Diese Dividende wird am 8. Oktober 2024 an die Aktionäre ausgezahlt, die am Ende des Geschäftstags am 17. September 2024 im Aktienregister stehen. Das Unternehmen betont, dass die Erklärungen und Zahlungen von Dividenden im Ermessen des Vorstands liegen und von verschiedenen Faktoren abhängen, einschließlich Nettogewinn, finanzieller Lage, Kapitalbedarf und Beschränkungen von Kreditfazilitäten.

Positive
  • Quarterly dividend increased by 6% to $0.78 per share
  • Demonstrates company's confidence in financial stability
  • Provides increased income for shareholders
Negative
  • Dividend payments may impact cash reserves
  • Future dividends subject to various financial factors and Board discretion

MOUNT LAUREL, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ: JJSF) announced today that its Board of Directors has declared a quarterly cash dividend of $0.78 per share of its common stock payable on October 8, 2024, to shareholders of record as of the close of business on September 17, 2024. The cash dividend of $0.78 per share represents an increase of approximately 6% from the previous quarterly dividend of $0.735 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.

About J & J Snack Foods Corp.

J & J Snack Foods Corp. (NASDAQ: JJSF) 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, DIPPIN’ DOTS ice cream, LUIGI’S Real Italian Ice, MINUTE MAID* frozen ices, WHOLE FRUIT sorbet and frozen fruit bars, HOLA! 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.


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.


FAQ

What is the new quarterly dividend for J & J Snack Foods (JJSF)?

J & J Snack Foods (JJSF) has increased its quarterly dividend to $0.78 per share, representing a 6% increase from the previous $0.735 per share.

When will J & J Snack Foods (JJSF) pay its next dividend?

J & J Snack Foods (JJSF) will pay its next quarterly dividend on October 8, 2024, to shareholders of record as of September 17, 2024.

How often does J & J Snack Foods (JJSF) pay dividends?

J & J Snack Foods (JJSF) pays dividends quarterly, subject to Board approval and various financial factors.

Is J & J Snack Foods' (JJSF) dividend sustainable?

The sustainability of J & J Snack Foods' dividend depends on various factors including net income, financial position, and cash requirements, as stated by the company. The Board of Directors reviews these factors when declaring dividends.

J&J Snack Foods Corp

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Packaged Foods
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MOUNT LAUREL