Armanino Foods of Distinction Inc. (OTC:AMNF) Stocks In After Latest News
Companies that pay out dividends almost always get a lot of attention from investors, and in light of a new development, it could be a good move to keep an eye on the Armanino Foods of Distinction Inc. (OTC:AMNF) stock.
On Thursday, the company was in the news cycle after it announced a $0.33 share-worth regular quarterly dividend. It was revealed that the dividend would be paid out by the company on January 26, 2024, or thereabouts, to all shareholders of record as of January 8, 2024. In this context, it is also important to note that it would be the 94th straight quarter in which the company paid out a dividend. Additionally, Armanino Foods of Distinction had also paid out ten special dividends.
The Chairman of the company’s Board of Directors, Douglas R. Nichols, spoke about the development as well. He noted that the board was confident about the capabilities of Armanino Foods Distinction Management to generate efficiencies in operations, outpace industry standards, and deliver strong financial results.
Due to the record-breaking performance of the company, the board was committed to paying out the quarterly dividend, he added. Nichols also noted that the $0.33 per share dividend was the highest dividend ever paid on a per-share basis in the history of Armanino Foods of Distinction.
The President and Chief Executive Officer of the company, Tim Anderson, noted that the management was confident about continuing to deliver operating and financial results that led the industry. He went on to state that Armanino Foods of Distinction had made considerable progress in its strategy of boosting its core business.
The company had also been able to move into new markets, meeting as well as surpassing the diverse needs of its customers. Anderson also stated that the company continued to be in a financially strong position, which allowed it to continue to invest in a diverse range of business channels.
