J & J Snack Foods Corp. Declares New Cash Dividend for Shareholders
J & J Snack Foods Corp. Announces Quarterly Cash Dividend
With excitement and commitment to their stakeholders, J & J Snack Foods Corp. (NASDAQ: JJSF) has declared a quarterly cash dividend of $0.78 per share on their common stock. This payment is scheduled to be made on July 8, with the eligibility deadline for shareholders set for the close of business on June 17.
Understanding the Dividend Declaration
The process of declaring dividends is not just a routine task for J & J Snack Foods Corp.; it is a significant act that showcases their financial health and dedication to returning value to their shareholders. However, it's important to note that the decision to pay dividends is at the discretion of the Board of Directors and is influenced by various factors.
Factors Influencing Dividend Payments
When determining dividend payments, the Board considers the company’s net income, its overall financial position, and the cash requirements necessary for ongoing operational needs. Additionally, any restrictions outlined in their credit facility, as well as other relevant factors, play a crucial role in these decisions.
Leading the Snack Food Industry
J & J Snack Foods Corp. stands as a powerhouse within the snack food industry, celebrated for its innovative approach to providing affordable and niche products. With a diverse portfolio including household names such as SUPERPRETZEL, the world’s leading soft pretzel brand, as well as beloved frozen beverages like ICEE and SLUSH PUPPIE, they cater to both foodservice and retail supermarket customers.
A Range of Popular Products
The company’s offerings are manufactured and distributed across the nation, capturing consumers' hearts with products that cater to various tastes and preferences. Besides the iconic SUPERPRETZEL, the product line also includes LUIGI’S Real Italian Ice, DIPPIN’ DOTS ice cream, and the delightful funnel cakes from THE FUNNEL CAKE FACTORY, to name just a few.
Commitment to Quality and Innovation
J & J Snack Foods Corp. puts great emphasis on quality and innovation in all their products. Their longstanding reputation is built on a foundation of creating new and exciting snack options while maintaining affordability, making them a go-to for both consumers and businesses.
Engaging with Shareholders
The company's proactive engagement with shareholders is commendable. The declaration of a cash dividend is an opportunity for them to reaffirm their commitment to creating sustainable value and transparency regarding their financial strategies.
Investor Relations and Contact Information
For investors seeking more insights into J & J Snack Foods Corp.’s financial performance and strategic initiatives, the company encourages open communication. Interested parties can reach out to the investor relations team through the contact details provided: Joseph Jaffoni, Norberto Aja, or Jennifer Neuman at JCIR, who can be reached at (212) 835-8500 or via email at jjsf@jcir.com.
Frequently Asked Questions
What is the declared cash dividend for J & J Snack Foods Corp.?
The declared cash dividend is $0.78 per share of common stock.
When will the dividend be paid?
The dividend is scheduled to be paid on July 8, for shareholders of record by June 17.
What factors influence the dividend payment decisions?
The Board of Directors considers the company’s net income, financial position, cash requirements, and other relevant factors.
What products does J & J Snack Foods Corp. offer?
They offer a range of snack products, including SUPERPRETZEL, ICEE beverages, and DIPPIN’ DOTS ice cream.
How can shareholders contact J & J Snack Foods Corp.?
Shareholders can contact investor relations via phone at (212) 835-8500 or email at jjsf@jcir.com.
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