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

Rhea-AI Summary

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.

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.