J&J Snack Foods (JJSF) will raise its quarterly dividend by 15.0 percent to $0.575 per share. This will mark the 15th consecutive year of annual dividend increases by the snack food company.

The next dividend is payable on January 7, 2020 to shareholders of record as of the close of business on December 20, 2019. A new annualized dividend of $2.30 per share yields 1.2% at a stock price of $187.42 for JJSF.

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.