J & J Snack Foods Corp. (JJSF) to Issue Quarterly Dividend of $0.42 on October 4th
J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Friday, August 4th, RTT News reports. Stockholders of record on Thursday, September 14th will be given a dividend of 0.42 per share on Wednesday, October 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Wednesday, September 13th.
J & J Snack Foods Corp. has raised its dividend payment by an average of 34.6% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. J & J Snack Foods Corp. has a payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect J & J Snack Foods Corp. to earn $4.48 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 37.5%.
J & J Snack Foods Corp. (JJSF) opened at 126.23 on Friday. The company’s 50-day moving average is $128.71 and its 200-day moving average is $132.26. The stock has a market capitalization of $2.37 billion, a P/E ratio of 31.48 and a beta of 0.74. J & J Snack Foods Corp. has a 12 month low of $102.81 and a 12 month high of $143.21.
J & J Snack Foods Corp. (NASDAQ:JJSF) last announced its earnings results on Monday, July 24th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.49 by $0.15. The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. Equities analysts anticipate that J & J Snack Foods Corp. will post $4.19 earnings per share for the current year.
Several analysts have commented on the stock. BidaskClub downgraded shares of J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research downgraded shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th.
J & J Snack Foods Corp. announced that its Board of Directors has approved a stock repurchase program on Friday, August 4th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
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J & J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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