The company confirmed the new annual rate will climb to 95 cents per share, up from the previous 90-cent mark. Both the special dividend and the adjusted annual payment are scheduled for distribution on September 9 to shareholders of record as of August 17. According to the company, these combined disbursements represent a total cash outflow of approximately $23.6 million.
John B. Sanfilippo & Son Announces Special Dividend and Rate Hike
Shareholders of John B. Sanfilippo & Son are set for a dual payout this September, as the food processor combines a one-time special cash dividend of $1.05 per share with a five-cent increase to its standard annual dividend, signaling a robust capital return strategy for the company’s investors.
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