J&J Snack Foods Corp. (JJSF) to Issue Quarterly Dividend of $0.78 on January 7th

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 0.78 per share on Tuesday, January 7th. This represents a $3.12 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, December 17th.

J&J Snack Foods has raised its dividend by an average of 7.7% annually over the last three years and has raised its dividend annually for the last 20 consecutive years. J&J Snack Foods has a payout ratio of 56.2% meaning its dividend is sufficiently covered by earnings. 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 Performance

The stock has a market capitalization of $3.26 billion, a P/E ratio of 37.75 and a beta of 0.64. The firm’s 50 day simple moving average is $169.03 and its 200-day simple moving average is $167.77. J&J Snack Foods has a fifty-two week low of $133.23 and a fifty-two week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS 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 business had revenue of $426.76 million during the quarter, compared to the consensus estimate of $428.33 million. During the same period last year, the business posted $1.73 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts expect that J&J Snack Foods will post 5.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.