HAYWARD, Calif.–(Enterprise WIRE)–Dec 21, 2020–
Armanino Food items of Distinction, Inc. (OTC Pink: AMNF) today introduced that its board of directors has declared a quarterly cash dividend of $.0175 per share. The dividend will be payable to shareholders of history on January 4, 2021 and will be disbursed on or about January 25, 2021. This is the Company’s 82 nd consecutive quarterly dividend. In addition, the Enterprise has had ten exclusive dividends.
Douglas R. Nichols, Chairman of the board mentioned, “Armanino Foods is delighted that we are equipped to continue our happy tradition of fulfilling our shareholders with a further quarterly dividend. Our balance sheet carries on to continue being potent. We are even now assured that we are perfectly positioned monetarily to keep on to weather conditions the pandemic into the subsequent year, and strategically make investments in diversified channels to capitalize on development developments. Somewhat than resume shelling out our dividend at our earlier amount of $.0275 for every share, we will fork out down our line of credit rating with the $320,000 in cost savings from the dividend reduction just as we have completed in the previous two quarters.”
Tim Anderson, President and CEO commented, “While we keep on to position the Business for recovery pushed by the transformative effect of COVID-19, sizeable progress has been produced to create a more robust foundation and organizational composition that will improved place our corporation to stand up to macro-stage pressures, and in the long run set the organization up for progress. However, we stay guarded on the around upcoming outlook as the dynamic mother nature of the pandemic boundaries our skill to estimate the total economical impression with sensible precision. The new resurgence of COVID-19 conditions illustrates this stage. Irrespective, we are self-confident that with our money assets, the toughness of our brand name, and demonstrated observe history of administration excellence, we will be ready to accomplish our long-term eyesight for the Enterprise irrespective of the current financial environment.”
Armanino Foodstuff of Distinction, Inc. is an global food items business that manufactures and marketplaces frozen Italian specialty foods merchandise these kinds of as pestos, sauces and crammed pastas to the foodservice, retail, and industrial markets. In addition to a typical Basil Pesto Armanino provides other flavors this sort of as Cilantro, Dried Tomato & Garlic, Roasted Crimson Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light-weight Basil Pesto, Chimichurri, Harissa, Bolognese, Alfredo sauce, Creamy Garlic, and Romesco. Armanino’s natural and organic line contains common Basil Pesto. Armanino Food items also delivers cheese shakers, frozen pastas, and meatballs.
The ideal source of data on the company is the OTC Markets website ( http://www.otcmarkets.com/stock/AMNF/company-data ).
Check out source version on businesswire.com:https://www.businesswire.com/news/household/20201221005233/en/
Contact: Edgar Estonina
COO/CFO
(510) 441-9300
Keyword: CALIFORNIA UNITED STATES NORTH The us
Industry Search term: Food stuff/BEVERAGE RETAIL
Resource: Armanino Foodstuff of Difference, Inc.
Copyright Organization Wire 2020.
PUB: 12/21/2020 08:00 AM/DISC: 12/21/2020 08:00 AM
http://www.businesswire.com/news/residence/20201221005233/en
More Stories
The Night Tomato Eating plan: A New Way to Reduce Bodyweight
Healthy Eating – What Makes a Healthy Meal?
3 Hearty Potato Recipes for the Big Eater