Utz Brands, Inc. Increases Quarterly Cash Dividend, Payable on May 2, 2024
March 28, 2024 at 04:05 pm EDT
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Utz Brands, Inc. announced that its Board of Directors has approved an annual dividend increase from $0.228 to $0.236 per share. The increase is effective as of March 28, 2024, and the Utz Board of Directors (?Board?) has declared a regular quarterly cash dividend of approximately $0.059 per share on the Company?s Class A Common Stock. Payment is expected to be made by the Company on May 2, 2024, to stockholders of record at the close of business on April 15, 2024.
Utz Brands, Inc. is a manufacturer of branded salty snacks. The Company produces salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, and other snacks. The Companyâs brands include Power and Foundation brands. Power brands comprised of its Utz brand and On The Border brand; craft brands, such as Zappâs, Golden Flake Pork Skins, TORTIYAHS!, and Hawaiian; BFY brands, such as Good Health and Boulder Canyon, and selected licensed brands, such as TGI Fridays. Foundation brands include regional snacking brands, such as Bachman, Golden Flake Chips and Cheese, Timâs Cascade Snacks, Snyder of Berlin, Dirty Potato Chips, and R.W. Garcia. The Company serves its products to grocery, mass merchant, club, convenience, drug, and other retailers through direct shipments, distributors, and over 2,100 direct-store-delivery routes. The Company manufactures its products in over 16 manufacturing facilities across the United States.