J & J SNACK FOODS CORP. ANNOUNCES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

J & J Snack Foods Corp. (JJSF) declared a quarterly cash dividend of $0.70 per share on February 15, 2023. This dividend is payable on April 11, 2023, to shareholders recorded by the close of business on March 21, 2023. The declaration and payment are at the discretion of the Board of Directors, contingent on factors like net income and financial position. J & J Snack Foods is a prominent player in the snack food sector, offering brands such as SUPERPRETZEL, ICEE, and MINUTE MAID. For further information, visit jjsnack.com.

Positive

• Quarterly cash dividend of $0.70 per share announced.
• Dividend payable on April 11, 2023, demonstrating commitment to returning value to shareholders.

Negative

• Dividend declaration dependent on Board's discretion, subject to financial conditions.

PENNSAUKEN, N.J., Feb. 15, 2023 (GLOBE NEWSWIRE) -- 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 April 11^th, 2023, to shareholders of record as of the close of business on March 21^st, 2023.

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.

FAQ

What is the dividend amount for JJSF in 2023?

J & J Snack Foods has declared a quarterly dividend of $0.70 per share.

When will JJSF's dividend be paid?

The dividend will be paid on April 11, 2023.

What is the record date for JJSF's dividend?

The record date for the dividend is March 21, 2023.

How often does J & J Snack Foods pay dividends?

J & J Snack Foods typically pays dividends quarterly.

What factors affect JJSF's dividend payments?

Dividend payments are dependent on net income, financial position, and other relevant factors.