Armanino Foods of Distinction Inc. (AMNF) will raise its quarterly dividend by 10.0 percent $0.0275 per share in 2020. This marks the 15th consecutive year of dividend increases by AMNF.

The next dividend will be paid on April 24, 2020 to shareholders of record on April 1, 2020. A new annualized dividend rate of 11 cents per share yields 3.4% at a stock price of $3.22. Last year AMNF hiked its dividend by 11.1 percent.

Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light Basil Pesto, Chimichurri, Bolognese and Alfredo sauce. Armanino’s organic line includes classic Basil Pesto. Armanino Foods also offers cheese shakers, frozen pastas and meatballs.