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

J & J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Friday, August 14th. Shareholders 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 yield of 3.6%. The ex-dividend date is Tuesday, September 15th.

J & J Snack Foods has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 20 consecutive years. J & J Snack Foods has a payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of J & J Snack Foods stock traded down $1.54 during trading hours on Friday, reaching $89.47. 152,776 shares of the stock traded hands, compared to its average volume of 262,095. J & J Snack Foods has a one year low of $68.87 and a one year high of $116.32. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 34.41 and a beta of 0.38. 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 company has a 50 day moving average price of $78.21 and a 200 day moving average price of $80.19.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.26. The firm had revenue of $425.96 million for the quarter, compared to analysts’ expectations of $427.65 million. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.00 EPS. On average, equities research analysts expect that J & J Snack Foods will post 3.98 earnings per share for the current fiscal 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.