The Marzetti Company to Issue Quarterly Dividend of $1.00 (NASDAQ:MZTI)

The Marzetti Company (NASDAQ:MZTI) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 5th will be paid a dividend of 1.00 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, June 5th.

Marzetti has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 62 years. Marzetti has a dividend payout ratio of 56.6% meaning its dividend is sufficiently covered by earnings.

Marzetti Price Performance

Shares of NASDAQ:MZTI opened at $112.00 on Thursday. The company’s 50 day simple moving average is $133.55 and its 200 day simple moving average is $154.50. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 17.53 and a beta of 0.38. Marzetti has a 1 year low of $110.64 and a 1 year high of $190.96.

Marzetti Company Profile

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.