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

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.78 per share on Tuesday, January 7th. This represents a $3.12 annualized dividend and a yield of 1.89%. The ex-dividend date is Tuesday, December 17th.

J&J Snack Foods has raised its dividend payment by an average of 7.7% 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 51.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect J&J Snack Foods to earn $6.26 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 49.8%.

J&J Snack Foods Stock Down 0.0 %

JJSF stock opened at $165.06 on Thursday. The stock’s fifty day simple moving average is $168.49 and its 200-day simple moving average is $166.68. J&J Snack Foods has a 52-week low of $133.23 and a 52-week high of $180.80. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 37.09 and a beta of 0.63.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The company had revenue of $426.76 million for the quarter, compared to analysts’ expectations of $428.33 million. During the same quarter in the previous year, the company earned $1.73 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. As a group, analysts anticipate that J&J Snack Foods will post 5.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Friday, November 15th.

Insider Activity at J&J Snack Foods

In related news, Director Gerald B. Shreiber sold 20,000 shares of the stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 22.20% of the company’s stock.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.