J & J Snack Foods Corp Announces Quarterly Dividend of $0.45 (JJSF)

J & J Snack Foods Corp (NASDAQ:JJSF) announced a quarterly dividend on Monday, February 12th, RTT News reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.45 per share on Wednesday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.34%.

J & J Snack Foods has increased its dividend by an average of 9.5% per year over the last three years and has raised its dividend every year for the last 13 years. J & J Snack Foods has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J & J Snack Foods to earn $5.31 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 33.9%.

J & J Snack Foods (NASDAQ JJSF) traded up $1.72 on Monday, hitting $133.89. The company’s stock had a trading volume of 102,200 shares, compared to its average volume of 86,694. J & J Snack Foods has a 1 year low of $121.20 and a 1 year high of $157.33. The firm has a market cap of $2,500.86, a P/E ratio of 24.93 and a beta of 0.65.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The firm had revenue of $265.20 million during the quarter, compared to analyst estimates of $253.95 million. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. equities analysts forecast that J & J Snack Foods will post 4.93 earnings per share for the current fiscal year.

Several research firms have issued reports on JJSF. Zacks Investment Research downgraded J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th. Jefferies Group reissued a “hold” rating and issued a $135.00 price target on shares of J & J Snack Foods in a research note on Tuesday, January 30th. BidaskClub downgraded J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, CL King began coverage on J & J Snack Foods in a research note on Tuesday, December 19th. They issued a “buy” rating on the stock.

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J & J Snack Foods 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.

Dividend History for J & J Snack Foods (NASDAQ:JJSF)

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