J&J Snack Foods Corp. (NASDAQ:JJSF) Declares $0.78 Quarterly Dividend

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.78 per share on Tuesday, April 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.46%.

J&J Snack Foods has raised its dividend by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. J&J Snack Foods has a dividend payout ratio of 51.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J&J Snack Foods to earn $5.98 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 52.2%.

J&J Snack Foods Stock Down 0.1 %

JJSF stock traded down $0.14 during midday trading on Wednesday, reaching $126.93. 103,572 shares of the company’s stock traded hands, compared to its average volume of 152,876. The firm’s fifty day moving average price is $148.95 and its 200-day moving average price is $161.85. J&J Snack Foods has a 52 week low of $116.60 and a 52 week high of $180.80. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 29.25 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. Analysts forecast that J&J Snack Foods will post 5.36 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.