J & J Snack Foods Corp. (NASDAQ:JJSF) to Issue $0.80 Quarterly Dividend

Key Points

• J & J Snack Foods declared a quarterly dividend of $0.80 per share, payable October 6 to shareholders of record on September 15. The annualized dividend is $3.20, representing a 3.6% yield, and the company has raised its dividend for 20 consecutive years.
• The dividend appears supported by earnings, with a current payout ratio of 64.1%; analysts expect next year’s earnings of $4.30 per share, implying a projected payout ratio of 74.4%.
• In its latest quarter, the company reported $1.96 in adjusted EPS, beating estimates of $1.70, while revenue fell 6.3% year over year to $425.96 million. Shares traded down 1.7% at $89.47.

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.

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.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source