The Marzetti Company (NASDAQ:MZTI) Announces $1.00 Quarterly Dividend

The Marzetti Company (NASDAQ:MZTI) declared a quarterly dividend on Wednesday, August 19th. Shareholders of record on Tuesday, September 8th will be given a dividend of 1.00 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, September 8th.

Marzetti has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 62 consecutive years. Marzetti has a dividend payout ratio of 56.6% meaning its dividend is sufficiently covered by earnings.

Marzetti Stock Performance

Shares of MZTI opened at $116.92 on Thursday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 18.30 and a beta of 0.32. The business’s fifty day moving average price is $111.31 and its two-hundred day moving average price is $128.79. Marzetti has a 52 week low of $104.28 and a 52 week high of $190.96.

About Marzetti

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.