Business
John B. Sanfilippo & Son, Inc. Board Declares Special Cash Dividend of $2.00 per share of Common Stock and Class A Common Stock
ELGIN, Ill.--(BUSINESS WIRE)-- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced that its Board of Directors (the “Board”)
About this update from John B. Sanfilippo & Son, Inc.
[{"type":"text","content":" ELGIN, Ill.--(BUSINESS WIRE)--\nJohn B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced that its Board of Directors (the “Board”) declared a special cash dividend (the “Special Dividend”) of $2.00 per share on all issued and outstanding shares of Common Stock of the Company and $2.00 per share on all issued and outstanding shares of Class A Common Stock of the Company. The total Special Dividend payment will be approximately $22.9 million.\n\n\nThe Special Dividend will be paid on December 10, 2019 to stockholders of record as of the close of business on November 26, 2019.\n\n\n“We are pleased to announce a Special Dividend of $2.00 per share,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. “Our financial performance in fiscal 2019 and the first quarter of fiscal 2020 has provided us the opportunity to declare a second Special Dividend to be paid in fiscal 2020. These dividends, like our previous dividends, further reinforce our goal of creating long-term stockholder value through the responsible use of cash. Furthermore, these dividends would not be possible without the hard work and dedication of all our employees,” Mr. Sanfilippo concluded.\n\n\nABOUT THE COMPANY\n\n\nJohn B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit-based products that are sold under a variety of private brands and under the Company’s Fisher®, Orchard Valley Harvest®, Squirrel Brand®, Southern Style Nuts® and Sunshine Country® brand names.\n\n\nFORWARD-LOOKING STATEMENTS\n\n\nSome of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as “will”, “intends”, “may”, “believes”, “anticipates”, “should” and “expects” and are based on the Company’s current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Company’s actual results could differ materially. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where expressly required to do so by law. Among the factors that could cause results to differ materially from current expe...