Utz Brands, Inc. Announces Quarterly Dividend of $0.06 (NYSE:UTZ)

Utz Brands, Inc. (NYSE:UTZ) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Monday, September 21st will be paid a dividend of 0.063 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, September 21st.

Utz Brands has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 3 years. Utz Brands has a dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Utz Brands to earn $0.86 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 29.1%.

Utz Brands Stock Up 0.1%

NYSE UTZ opened at $14.23 on Friday. Utz Brands has a one year low of $6.78 and a one year high of $14.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.69 and a current ratio of 1.06. The business has a fifty day moving average price of $12.62 and a 200 day moving average price of $9.42. The company has a market cap of $2.05 billion, a P/E ratio of -43.14 and a beta of 0.76.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $371.80 million for the quarter, compared to the consensus estimate of $374.18 million. Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. Research analysts anticipate that Utz Brands will post 0.8 EPS for the current fiscal year.

About Utz Brands

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.