Utz Brands Increases Annual Cash Dividend From $0.228 To $0.236 Per Share
Portfolio Pulse from Benzinga Newsdesk
Utz Brands has announced an increase in its annual cash dividend from $0.228 to $0.236 per share, with a quarterly dividend of $0.059 per share on Class A Common Stock, payable on May 2, 2024, to stockholders of record as of April 15, 2024.
March 28, 2024 | 8:07 pm
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Utz Brands increases its annual cash dividend from $0.228 to $0.236 per share, indicating a positive outlook on its financial health and commitment to returning value to shareholders.
Increasing dividends is generally viewed positively by the market as it signals a company's confidence in its financial stability and future earnings. This move by Utz Brands is likely to be seen as a strong commitment to shareholder value, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100