J&J Snack Foods Corp (JJSF) will raise its quarterly dividend by 7.7 percent to $0.42 per share. The increased dividend will be payable on January 11, 2017 to shareholders of record as of the close of business on December 21, 2016. 

Today’s dividend increase indicates an annualized rate of $1.68 per common share and a yield of approximately 1.3% based on the $129.40 closing price on December 8, 2016.

J & J Snack Foods Corp. provides branded niche snack foods and beverages to foodservice and retail supermarket outlets. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks. The company's brands include SUPERPRETZEL, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S Real Italian Ice, WHOLE FRUIT sorbet and frozen fruit bars, Tio Pepe’s & CALIFORNIA CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME BAKERS and HILL & VALLEY.