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

J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) announced 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 dividend yield of 2.50%. The ex-dividend date is Tuesday, March 18th.

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 20 consecutive years. J&J Snack Foods has a dividend payout ratio of 52.8% 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 4.2 %

NASDAQ:JJSF traded down $5.54 on Friday, hitting $124.85. The company had a trading volume of 115,545 shares, compared to its average volume of 164,248. The firm has a 50 day moving average of $146.46 and a two-hundred day moving average of $161.01. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 28.77 and a beta of 0.64. J&J Snack Foods has a 52 week low of $116.60 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted 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 return on equity of 9.84% and a net margin of 5.31%. As a group, equities analysts forecast that J&J Snack Foods will post 5.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a "buy" rating and set 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.