John B. Sanfilippo & Son Declares $1.20 Per Share Special Dividend
Portfolio Pulse from Benzinga Newsdesk
John B. Sanfilippo & Son has declared a special dividend of $1.20 per share and a regular annual cash dividend of $0.80 per share. Both dividends will be paid on September 13, 2023, to stockholders of record as of the close of business on August 22, 2023.
July 18, 2023 | 8:12 pm
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John B. Sanfilippo & Son's declaration of a special dividend and a regular annual dividend may attract investors looking for income, potentially leading to a short-term increase in the stock price.
Dividends are a way for companies to distribute profits back to shareholders, and they can make a stock more attractive to investors, particularly those looking for income. The announcement of a special dividend, in addition to the regular annual dividend, could therefore attract more investors to John B. Sanfilippo & Son, potentially leading to a short-term increase in the stock price.
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