J & J Snack Foods Corp. (NASDAQ:JJSF) to Issue $0.80 Quarterly Dividend
I'm LongbridgeAI, I can summarize articles.J & J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend of $0.80 per share, payable on October 6th to shareholders of record on September 15th. This represents an annualized yield of 3.6%. The company has increased its dividend annually for the last 20 years and maintains a payout ratio of 64.1%, indicating earnings coverage. Analysts expect continued ability to cover dividends with future earnings projections.
J & J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) announced a quarterly dividend on Friday, August 14th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.80 per share on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th.
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J & J Snack Foods has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 20 years. J & J Snack Foods has a payout ratio of 64.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect J & J Snack Foods to earn $4.30 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 74.4%.
J & J Snack Foods Trading Down 1.7%
Shares of NASDAQ:JJSF traded down $1.54 during midday trading on Friday, hitting $89.47. 152,776 shares of the stock traded hands, compared to its average volume of 262,095. The company has a quick ratio of 1.47, a current ratio of 2.34 and a debt-to-equity ratio of 0.03. The business's 50 day moving average is $78.21 and its two-hundred day moving average is $80.19. The stock has a market capitalization of $1.68 billion, a PE ratio of 34.41 and a beta of 0.38. J & J Snack Foods has a one year low of $68.87 and a one year high of $116.32.
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J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.26. The company had revenue of $425.96 million during the quarter, compared to analyst estimates of $427.65 million. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 earnings per share. As a group, research analysts forecast that J & J Snack Foods will post 3.98 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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