J&J Snack Foods Corp. to Issue Quarterly Dividend of $0.78 (NASDAQ:JJSF)

J&J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.78 per share on Tuesday, April 8th. This represents a $3.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, March 18th.

J&J Snack Foods has increased its dividend by an average of 7.0% annually over the last three years and has increased its dividend every year for the last 19 years. J&J Snack Foods has a payout ratio of 51.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect J&J Snack Foods to earn $5.98 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 52.2%.

J&J Snack Foods Stock Up 2.7 %

J&J Snack Foods stock opened at $130.39 on Friday. J&J Snack Foods has a twelve month low of $116.60 and a twelve month high of $180.80. The company has a market capitalization of $2.54 billion, a P/E ratio of 30.04 and a beta of 0.64. The stock’s 50 day moving average is $147.30 and its 200 day moving average is $161.34.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. As a group, equities analysts expect that J&J Snack Foods will post 5.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of 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 novelties, churros, handheld products, and baked goods.