J&J Snack Foods Corp. (NASDAQ:JJSF) Plans $0.78 Quarterly Dividend

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

J&J Snack Foods has increased its dividend by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. J&J Snack Foods has a payout ratio of 56.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

The company has a market capitalization of $3.26 billion, a PE ratio of 37.75 and a beta of 0.64. J&J Snack Foods has a 52-week low of $133.23 and a 52-week high of $180.80. The company’s 50 day simple moving average is $169.03 and its 200 day simple moving average is $167.77.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). The business had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. J&J Snack Foods’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 EPS. Sell-side analysts forecast that J&J Snack Foods will post 5.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

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