Chief Executive Jasper Sanfilippo, Jr. said the company’s balance sheet and steady cash generation give it room to invest in the business while returning capital to stockholders. He said the company remains confident in its long-term growth strategy and sees opportunities across its portfolio.
Sanfilippo & Son Approves $20M Buyback and $2 Dividend
John B. Sanfilippo & Son’s board approved a two-year stock repurchase program worth up to $20 million and a special dividend of $2.00 per share, the company said. The dividend will total $24 million and be paid Dec. 18 to shareholders of record on Dec. 4.
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