John B Sanfilippo hikes dividend by 8.3% and pays special dividend
John B Sanfilippo & Son (JBSS) will hike its annual dividend by 8.3 percent to 65 cents per share and will also pay another special dividend of $1.85 per share. This follows a special dividend payment of $1.00 per share announced this May. In 2019 the company paid two special dividends and also hiked its annual dividend by 9.1 percent.
Both dividends for a total payment of $2.50 per share will be paid on August 21, 2020 to stockholders of record as of the close of business on August 7, 2020. The regular annual dividend of 65 cents per share yields 0.8% at a stock price of $83.54.
“We are pleased to announce the $1.85 per share Special Dividend and the $0.65 per share Annual Dividend,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. “Our financial performance in the first three quarters of fiscal 2020 has provided us the opportunity to declare the Special Dividend and increase our Annual Dividend by $0.05 per share over last year’s Annual Dividend. These dividends, like our previous dividends, further reinforce our goal of creating long-term stockholder value through the responsible use of cash. Furthermore, these dividends would not be possible without the hard work and dedication of all our employees,” Mr. Sanfilippo concluded.
John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit based products that are sold under a variety of private brands and under the company’s Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names. The company's products include peanuts, pecans, cashews, walnuts, almonds, macadamia nuts, pistachios, pine nuts, Brazil nut, filberts and other nuts.
Both dividends for a total payment of $2.50 per share will be paid on August 21, 2020 to stockholders of record as of the close of business on August 7, 2020. The regular annual dividend of 65 cents per share yields 0.8% at a stock price of $83.54.
“We are pleased to announce the $1.85 per share Special Dividend and the $0.65 per share Annual Dividend,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. “Our financial performance in the first three quarters of fiscal 2020 has provided us the opportunity to declare the Special Dividend and increase our Annual Dividend by $0.05 per share over last year’s Annual Dividend. These dividends, like our previous dividends, further reinforce our goal of creating long-term stockholder value through the responsible use of cash. Furthermore, these dividends would not be possible without the hard work and dedication of all our employees,” Mr. Sanfilippo concluded.
John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit based products that are sold under a variety of private brands and under the company’s Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names. The company's products include peanuts, pecans, cashews, walnuts, almonds, macadamia nuts, pistachios, pine nuts, Brazil nut, filberts and other nuts.
