J&J Snack Foods (JJSF) will raise its quarterly dividend by 10.1 percent to 63.3 cents per share in 2021. This follows a dividend hike of 15.0 percent to $0.575 per share announced by JJSF in December 2019. This will mark the 17th consecutive year of annual dividend increases by the snack food company.

The next dividend is payable on July 12, 2021 to shareholders of record as of the close of business on June 21, 2021. A new annualized dividend of $2.532 per share yields 1.5% at a stock price of $174 for JJSF. The ex-date for the next JJSF dividend is June 18, 2021. The annual dividend payment to shareholders will jump to $48 million if this new dividend hike is included.

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.