John B Sanfilippo & Son (JBSS) will increase its annual dividend by 9.1 percent $0.60 per share in 2019. Also a $2.40 per share special dividend will be paid. Last year the food processing company also paid a special dividend.

Both dividends will be paid on August 20, 2019 to stockholders of record as of the close of business on August 6, 2019. The regular annual dividend of 60 cents yields 0.7% at a stock price of $80.67.

“We are pleased to announce the $2.40 per share Special Dividend and the $0.60 per share Annual Dividend,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. “Our financial performance in the first three quarters of fiscal 2019 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. These dividends, like our previous dividends, further reinforce our goal of creating long-term stockholder value through the responsible use of cash. Furthermore, these dividends would not be possible without the hard work and dedication of all our employees,” Mr. Sanfilippo concluded.

John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit based products that are sold under a variety of private brands and under the Company’s Fisher, Orchard Valley Harvest, and Sunshine Country brand names.  The company's products include peanuts, pecans, cashews, walnuts, almonds, macadamia nuts, pistachios, pine nuts, Brazil nut, filberts and other nuts.