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

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors 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 annualized dividend and a yield of 2.46%.

J&J Snack Foods has raised its dividend by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. J&J Snack Foods has a dividend payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.1 %

Shares of J&J Snack Foods stock opened at $126.93 on Thursday. J&J Snack Foods has a 52 week low of $116.60 and a 52 week high of $180.80. The stock has a market cap of $2.47 billion, a PE ratio of 29.25 and a beta of 0.64. The company’s 50-day moving average price is $148.07 and its two-hundred day moving average price is $161.56.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, February 3rd. The company reported $0.33 EPS 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%. On average, equities analysts predict that J&J Snack Foods will post 5.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About J&J Snack Foods

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.