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ELGIN, Ill. - Nut and dried fruit processor John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) announced Tuesday that its Board of Directors has declared a special cash dividend of $0.60 per share alongside a regular annual cash dividend of $0.90 per share on all issued and outstanding shares of both Common Stock and Class A Common Stock.
The combined dividends will return approximately $17.7 million to stockholders, according to the company’s press release statement. Both dividends will be paid on September 11, 2025, to stockholders of record as of the close of business on August 19, 2025.
The annual dividend represents a $0.05 per share increase compared to last year’s payment, marking the eighth consecutive year the company has raised its annual dividend.
"Our financial performance over the first three quarters of fiscal 2025 has provided us the opportunity to declare the Special Dividend and increase our Annual Dividend," said Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer.
John B. Sanfilippo & Son processes, packages, markets, and distributes nut and dried fruit-based products under various brand names including Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts, and Just the Cheese, as well as private brands.
In other recent news, John B. Sanfilippo & Son Inc. reported its third-quarter earnings for 2025, revealing a significant increase in earnings per share (EPS) by 50% to $1.72, despite a 4% decline in net sales to $260.9 million. The company managed to improve its gross profit by 13.7%, reaching $55.9 million, as a result of strategic cost management and pricing strategies. However, the revenue fell short of forecasts due to a 7.9% decrease in sales volume. Looking ahead, the company plans to invest $90 million in production equipment by fiscal 2026 to enhance operational efficiency. Analysts noted the company’s focus on adapting to macroeconomic challenges and its commitment to future growth. Despite the positive EPS performance, concerns over declining sales volume and market conditions have been noted. The company continues to navigate challenges such as supply chain disruptions and commodity price fluctuations.
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