Business
John B. Sanfilippo & Son, Inc. Declares $1.25 Per Share Special Dividend and a Regular Annual Dividend of $0.85 Per Share
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 $1.25 per share on all issued and outstanding shares of Common Stock of the Company and $1.25 per share on all issued and outstanding shares of Class A Common Stock of the Company. In addition to the Special Dividend, the Board declared a regular annual cash dividend (the “Annual Dividend”) of $0.85 per share on all issued and outstanding shares of Common Stock of the Company and $0.85 per share on all issued and outstanding shares of Class A Common Stock of the Company. The aggregate payment of both the Special Dividend and Annual Dividend will return approximately $24.6 million to JBSS stockholders.\n\n\nThe Special Dividend and the Annual Dividend will be paid on September 11, 2024, to stockholders of record as of the close of business on August 20, 2024.\n\n\n“We are pleased to announce the $1.25 per share Special Dividend and the $0.85 per share Annual Dividend,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. “Our financial performance over the first three quarters of fiscal 2024 has provided us the opportunity to declare the Special Dividend and increase our Annual Dividend by $0.05 per share over last year’s Annual Dividend. This year marks the seventh year in a row we have increased our Annual Dividend. 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, snack bars, and dried cheese snacks that are sold under a variety of private brands and under the Company’s Fisher®, Orchard Valley Harvest®, Squirrel Brand®, Southern Style Nuts®, and Just the Cheese® 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”, “...