The Marzetti Company Increases Regular Cash Dividend; Elects Three Incumbent Directors

ملخص مفصل

The Marzetti Company (Nasdaq: MZTI) announced today that its Board of Directors has declared a quarterly cash dividend of $1.05 per common share, marking 64 consecutive years of…

The Marzetti Company Increases Regular Cash Dividend; Elects Three Incumbent Directors

The Marzetti Company (Nasdaq: MZTI) announced today that its Board of Directors has declared a quarterly cash dividend of $1.05 per common share, marking 64 consecutive years of increasing regular cash dividends. The Marzetti Company is one of only 12 U.S. companies with 64 straight years of regular cash dividend increases. The dividend will be payable December 31, 2026 to shareholders of record on December 4, 2026. As of the record date for today’s annual shareholder meeting, there were 27,290,749 common shares outstanding.

CEO David A. Ciesinski said, “The increased regular cash dividend reflects the company’s continued strong financial position and will be the 254th consecutive quarterly cash dividend paid by the company since September 1963.” He noted that the indicated annual payout for the current fiscal year ending June 30, 2027 is $4.15 per share, up from the $3.95 per share paid in fiscal 2026.

Voting at the annual meeting, shareholders elected three incumbent directors. They are John B. Gerlach, Jr., retired Executive Chairman of The Marzetti Company; Gregory L. Hughes, President and Chief Executive Officer of Suntory Global Spirits; and Robert P. Ostryniec, retired Chief Product Supply Officer for Keurig Green Mountain, Inc.

The Company also announced that director Robert L. Fox retired from the Board effective at the conclusion of the Annual Meeting. The Board thanked Mr. Fox for his 35 years of dedicated service and significant contributions to the Company during his tenure.

We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). This news release contains various “forward-looking statements” within the meaning of the PSLRA and other applicable securities laws.

مطلع المقال، مقتطف من Morningstar. لقراءة المقال كاملًا، افتحه على موقع الناشر.