J & J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Friday, August 6th, Zacks reports. Stockholders of record on Monday, September 20th will be paid a dividend of 0.633 per share on Monday, October 11th. This represents a $2.53 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, September 17th.
J & J Snack Foods has raised its dividend payment by 34.5% over the last three years. J & J Snack Foods has a payout ratio of 79.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect J & J Snack Foods to earn $4.72 per share next year, which means the company should continue to be able to cover its $2.53 annual dividend with an expected future payout ratio of 53.6%.
Shares of JJSF opened at $157.26 on Wednesday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 69.28 and a beta of 0.58. J & J Snack Foods has a 12 month low of $124.90 and a 12 month high of $181.71. The business’s fifty day simple moving average is $164.20 and its two-hundred day simple moving average is $165.87.
JJSF has been the subject of a number of recent research reports. TheStreet raised shares of J & J Snack Foods from a “c” rating to a “b-” rating in a research note on Monday, July 26th. Zacks Investment Research raised J & J Snack Foods from a “hold” rating to a “strong-buy” rating and set a $191.00 price target on the stock in a research report on Thursday, July 29th.
In other news, SVP Robert Joseph Pape sold 5,840 shares of the stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $162.16, for a total transaction of $947,014.40. Following the sale, the senior vice president now directly owns 6,470 shares of the company’s stock, valued at approximately $1,049,175.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 21.00% of the stock is currently owned by corporate insiders.
J & J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures 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 juice treats and desserts, churros, dough enrobed handheld products, and baked goods.
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