J & J Snack Foods Corp. (JJSF) to Issue Quarterly Dividend of $0.80 on July 7th

J & J Snack Foods Corp. (NASDAQ:JJSF – Get Free Report) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.80 per share on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, June 16th.

J & J Snack Foods has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 20 consecutive years. J & J Snack Foods has a payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect J & J Snack Foods to earn $4.50 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 71.1%.

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J & J Snack Foods Stock Up 1.5%

JJSF opened at $79.57 on Friday. The stock’s fifty day moving average is $78.23 and its two-hundred day moving average is $84.72. The company has a market capitalization of $1.49 billion, a P/E ratio of 26.70 and a beta of 0.38. J & J Snack Foods has a 52 week low of $68.87 and a 52 week high of $129.24.

J & J Snack Foods (NASDAQ:JJSF – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $344.82 million for the quarter, compared to the consensus estimate of $349.67 million. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.J & J Snack Foods’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Equities analysts anticipate that J & J Snack Foods will post 4.16 earnings per share for the current year.

J & J Snack Foods Company Profile

(Get Free Report)

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.

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