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HANOVER, Pa. - Utz Brands, Inc. (NYSE: UTZ), a prominent U.S. manufacturer of branded salty snacks with a market capitalization of $1.94 billion, has declared a regular quarterly cash dividend of approximately $0.061 per share on its Class A Common Stock. The dividend is scheduled to be paid on July 3, 2025, to shareholders of record as of June 16, 2025. According to InvestingPro, Utz has maintained a consistent dividend growth track record, raising its dividend for 5 consecutive years, with a current yield of 1.8%.
The dividend will be financed through cash distributions from Utz Brands Holdings, LLC to Utz and other holders of common units on a pro-rata basis. This move reflects the company’s ongoing commitment to delivering value to its shareholders.
Utz Brands, known for its portfolio of snack brands including Utz®, On The Border® Chips & Dips, Zapp’s®, and Boulder Canyon®, among others, distributes its products across the United States through various channels. The company, which prides itself on its century-long family heritage and dedication to quality, operates multiple manufacturing facilities across the country to meet consumer demand.
The Board of Directors of Utz has indicated that future dividend declarations will be subject to its discretion and will consider a range of factors, including the company’s operational results and financial condition.
Investors should note that statements regarding future dividends are forward-looking and actual outcomes may differ due to various risks and uncertainties.
This dividend announcement is based on a press release statement from Utz Brands, Inc. and provides shareholders with information regarding the upcoming payment. The declaration of dividends is a common practice for companies seeking to provide returns to their investors, and the amount of the dividend can be indicative of a company’s financial health and future prospects. However, it is important to remember that future dividends are not guaranteed and are subject to change based on the company’s performance and other relevant considerations as assessed by the Board of Directors.
In other recent news, Utz Brands reported its first-quarter earnings for 2025, meeting analyst expectations with an earnings per share of $0.16. The company’s revenue slightly exceeded forecasts, coming in at $352.1 million compared to the anticipated $345.61 million. This revenue beat reflects Utz Brands’ effective sales strategies and product innovations. The Boulder Canyon brand has significantly contributed to this success, showing notable expansion and innovation. Additionally, DA Davidson reaffirmed its Buy rating for Utz Brands with a price target of $16.00, indicating confidence in the company’s potential for growth. The firm highlighted Utz Brands’ successful supply chain transformation, which has helped maintain EBITDA levels and support sales initiatives. Meanwhile, Utz Brands plans to invest approximately 1% in pricing strategies and focus on distribution gains, despite winding down its bonus pack program. The company continues to see growth opportunities in its expansion territories, with household penetration reaching an all-time high of 49%.
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