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>>> John B. Sanfilippo & Son, Inc. Board Declares Special Cash Dividend of $1.85 per share of Common Stock and Class A Common Stock and Regular Annual Cash Dividend of $0.65 per share of Common Stock and Class A Common Stock


Business Wire

July 9, 2020


https://finance.yahoo.com/news/john-b-sanfilippo-son-inc-200500312.html


John B. Sanfilippo & Son, Inc. Board Declares Special Cash Dividend of $1.85 per share of Common Stock and Class A Common Stock and Regular Annual Cash Dividend of $0.65 per share of Common Stock and Class A Common Stock

John 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 $1.85 per share on all issued and outstanding shares of Common Stock of the Company and $1.85 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 $0.65 per share on all issued and outstanding shares of Common Stock of the Company and $0.65 per share on all issued and outstanding shares of Class A Common Stock of the Company. The aggregate payment for both the Special Dividend and Annual Dividend will be approximately $29.0 million.

The Special Dividend and the Annual Dividend will be paid on August 21, 2020 to stockholders of record as of the close of business on August 7, 2020.

"We are pleased to announce the $1.85 per share Special Dividend and the $0.65 per share Annual Dividend," stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. "Our financial performance in the first three quarters of fiscal 2020 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. 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.

ABOUT THE COMPANY

John 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.

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