John B Sanfilippo & Son (JBSS) will hike its annual dividend by 7.7 percent to 70 cents per share and will also pay another special divdiend in Q2 of 2021. The processor, packager, marketer and distributor of nut and dried fruit based products announced a $2.30 per share special dividend, following a $2.50 special dividend announced in February. Last year the company hiked its annual dividend by 8.3 percent to 65 cents per share and also paid two special dividends ($1.00 and $1.85 per share).

The special dividend of $2.30 per share will be paid together with the regular dividend of $0.70 per share on August 25, 2021 to stockholders of record as of the close of business on August 10, 2021. The regular annual dividend of 70 cents per share yields 0.8% at a stock price of $90.

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, Squirrel Brand, Southern Style Nuts 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.