Armanino Food items of Difference, Inc. Declares a Typical Quarterly Dividend of $.0175 For each Share

Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) these days announced that its board of administrators has declared a quarterly income dividend of $.0175 for each share. The dividend will be payable to shareholders of file on January 4, 2021 and will be disbursed on or about January 25, 2021. This is the Company’s 82nd consecutive quarterly dividend. In addition, the Organization has had 10 exclusive dividends.

Douglas R. Nichols, Chairman of the board stated, “Armanino Food items is delighted that we are equipped to keep on our very pleased tradition of satisfying our shareholders with another quarterly dividend. Our equilibrium sheet proceeds to remain sturdy. We are even now assured that we are perfectly positioned financially to keep on to weather conditions the pandemic into the next yr, and strategically make investments in diversified channels to capitalize on development tendencies. Relatively than resume paying our dividend at our prior rate of $.0275 for each share, we will pay down our line of credit rating with the $320,000 in financial savings from the dividend reduction just as we have done in the past two quarters.”

Tim Anderson, President and CEO commented, “Although we go on to place the Corporation for restoration driven by the transformative influence of COVID-19, sizeable development has been made to develop a stronger basis and organizational framework that will greater placement our business to endure macro-stage pressures, and in the long run established the business up for advancement. Even so, we remain guarded on the near long run outlook as the dynamic nature of the pandemic limits our capacity to estimate the total monetary effect with affordable precision. The modern resurgence of COVID-19 situations illustrates this place. No matter, we are assured that with our money sources, the strength of our manufacturer, and confirmed observe history of administration excellence, we will be equipped to reach our extended-term vision for the Corporation regardless of the present economic environment.”

Armanino Foodstuff of Distinction, Inc. is an intercontinental food items organization that manufactures and marketplaces frozen Italian specialty foodstuff goods these as pestos, sauces and crammed pastas to the foodservice, retail, and industrial markets. In addition to a typical Basil Pesto Armanino delivers other flavors these kinds of as Cilantro, Dried Tomato & Garlic, Roasted Purple Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Mild Basil Pesto, Chimichurri, Harissa, Bolognese, Alfredo sauce, Creamy Garlic, and Romesco. Armanino’s organic and natural line contains typical Basil Pesto. Armanino Meals also offers cheese shakers, frozen pastas, and meatballs.

The ideal supply of facts on the company is the OTC Marketplaces site (https://www.otcmarkets.com/inventory/AMNF/business-data).

Perspective supply version on businesswire.com: https://www.businesswire.com/news/property/20201221005233/en/
