John B. Sanfilippo & Son Inc (NASDAQ: JBSS) said its Board of Directors declared a special cash dividend of $2.30 per share Common Stock and Class A Common Stock.
In addition to the Special Dividend, the Board declared a regular annual cash dividend of $0.70 per share of common stock and class A common stock.
The aggregate payment for both the Special Dividend and Annual Dividend will be about $35.0 million.
The Dividends will be paid on August 25, 2021 to stockholders of record as of the close of business on August 10, 2021.
"Our financial performance in the first three quarters of fiscal 2021 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,” said CEO Jeffrey T. Sanfilippo.
Cash held by the company totaled $1.04 million as of March 31, 2021.
Price action: JBSS shares closed higher by 0.09% at $86.49 on Thursday.
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