Utz Brands, Inc. Increases Quarterly Cash Dividend
29 March 2024 - 7:05AM
Business Wire
Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading
U.S. manufacturer of branded salty snacks, today announced that its
Board of Directors has approved an annual dividend increase from
$0.228 to $0.236 per share. The increase is effective as of today,
and the Utz Board of Directors (“Board”) has declared a regular
quarterly cash dividend of approximately $0.059 per share on the
Company’s Class A Common Stock. Payment is expected to be made by
the Company on May 2, 2024, to stockholders of record at the close
of business on April 15, 2024.
The cash dividend will be funded by cash distributions made by
Utz Brands Holdings, LLC (“Utz Brands Holdings”) to Utz and the
other holders of Utz Brands Holdings’ common units on a pro-rata
basis.
Future declarations of quarterly or other dividends are subject
to the determination and discretion of Utz’s Board of Directors
based on its consideration of various factors, including the
Company’s results of operations, financial condition and other
factors that the Board may deem relevant.
About Utz Brands, Inc.
Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of
savory snacks through popular brands including Utz®, ON THE BORDER®
Chips & Dips, Golden Flake®, Zapp’s®, Boulder Canyon®,
Hawaiian® Brand, and TORTIYAHS!®, among others.
After a century with strong family heritage, Utz continues to
have a passion for exciting and delighting consumers with delicious
snack foods made from top-quality ingredients. Utz’s products are
distributed nationally through grocery, mass merchandisers, club,
convenience, drug, and other channels. Based in Hanover,
Pennsylvania, Utz has multiple manufacturing facilities located
across the U.S. to serve our growing customer base. For more
information, please visit www.utzsnacks.com or call
1‐800‐FOR‐SNAX.
Forward-Looking Statements
Certain statements made herein are not historical facts but are
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, as amended. The forward-looking statements generally are
accompanied by or include, without limitation, statements such as
“will”, “expect”, “intends”, “goal” or other similar words, phrases
or expressions. These statements are based on the current
expectations of the Company’s management and are not predictions of
actual performance. These statements are subject to a number of
risks and uncertainties and the Company’s business and actual
results may differ materially.
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version on businesswire.com: https://www.businesswire.com/news/home/20240328212834/en/
UTZ Brands, Inc. Contacts: Investor Kevin Powers
kpowers@utzsnacks.com Media Kevin Brick
kbrick@utzsnacks.com
Utz Brands (NYSE:UTZ)
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