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Wednesday, 05/03/2023 11:13:57 AM

Wednesday, May 03, 2023 11:13:57 AM

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>>> John B. Sanfilippo & Son, Inc. Declares $1.50 Per Share Special Dividend


May 2, 2023

ELGIN, Ill., May 02, 2023--(BUSINESS WIRE)--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 $1.50 per share on all issued and outstanding shares of Common Stock of the Company and $1.50 per share on all issued and outstanding shares of Class A Common Stock of the Company. The Special Dividend will return approximately $17.4 million to JBSS stockholders.

The Special Dividend will be paid on June 22, 2023, to stockholders of record as of the close of business on June 1, 2023.

"We are pleased to announce the $1.50 per share Special Dividend," stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. "Our financial performance over the last several quarters has provided us the opportunity to declare the Special Dividend to be paid in the fourth quarter for fiscal 2023. 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.


Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit-based products that are sold under the Company’s Fisher ®, Orchard Valley Harvest ®, Squirrel Brand ®, Southern Style Nuts ®, and Just the Cheese ® brand names and under a variety of private brands.



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