{"id":792927,"date":"2024-12-05T16:21:30","date_gmt":"2024-12-05T21:21:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/utz-brands-inc-increases-quarterly-cash-dividend\/"},"modified":"2024-12-05T16:21:30","modified_gmt":"2024-12-05T21:21:30","slug":"utz-brands-inc-increases-quarterly-cash-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/utz-brands-inc-increases-quarterly-cash-dividend\/","title":{"rendered":"Utz Brands, Inc. Increases Quarterly Cash Dividend"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Utz Brands, Inc. Increases Quarterly Cash Dividend<\/b><\/p>\n<p>HANOVER, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nUtz Brands, Inc. (NYSE: UTZ) (\u201cUtz\u201d or the \u201cCompany\u201d), a leading U.S. manufacturer of branded salty snacks and a small-cap value and growth Staples equity, today announced that its Board of Directors has approved an annual dividend increase from $0.236<sup>(1)<\/sup> to $0.244 per share. The increase is effective as of today, and the Utz Board of Directors has declared a regular quarterly cash dividend of approximately $0.061 per share on the Company\u2019s Class A Common Stock. Payment is expected to be made by the Company on January 2, 2025, to stockholders of record at the close of business on December 16, 2024.<\/p>\n<p>\nThe cash dividend will be funded by cash distributions made by Utz Brands Holdings, LLC (\u201cUtz Brands Holdings\u201d) to Utz and the other holders of Utz Brands Holdings\u2019 common units on a pro-rata basis.<\/p>\n<p>\nFuture declarations of quarterly or other dividends are subject to the determination and discretion of Utz\u2019s Board of Directors based on its consideration of various factors, including the Company\u2019s results of operations, financial condition and other factors that the Board may deem relevant.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignb bwpadl0\" rowspan=\"1\" colspan=\"1\">(1) In March 2024, the Utz Board of Directors approved an annual dividend increase from $0.228 to $0.236 per share.<\/td>\n<\/tr>\n<\/table>\n<p><b>About Utz Brands, Inc.<br \/>\n<br \/><\/b>Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz <sup>\u00ae<\/sup>, On The Border<sup>\u00ae<\/sup> Chips &amp; Dips, Zapp\u2019s<sup>\u00ae<\/sup>, and Boulder Canyon<sup>\u00ae<\/sup>, among others.<\/p>\n<p>\nAfter a century of strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz\u2019s products are distributed nationally through grocery, mass merchandisers, clubs, convenience stores, drug stores, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve our growing customer base. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.utzsnacks.com&amp;esheet=54162385&amp;newsitemid=20241205966389&amp;lan=en-US&amp;anchor=www.utzsnacks.com&amp;index=1&amp;md5=ba7e4d3bb4da7a5be48fe26732e60016\">www.utzsnacks.com<\/a> or call 1\u2010800\u2010FOR\u2010SNAX.<\/p>\n<p><b>Forward-Looking Statements<br \/>\n<br \/><\/b>Certain statements made herein are not historical facts but are \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d 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 \u201cwill\u201d, \u201cexpect\u201d, \u201cintends\u201d, \u201cgoal\u201d or other similar words, phrases or expressions. These statements are based on the current expectations of the Company\u2019s management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties and the Company\u2019s business and actual results may differ materially.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241205966389r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241205966389\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241205966389\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Utz Brands, Inc.<br \/>\n<\/span><br \/>Investors<br \/>\n<br \/>Kevin Powers<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kpowers@utzsnacks.com\">kpowers@utzsnacks.com<br \/>\n<\/a><\/p>\n<p>Media<br \/>\n<br \/>Kevin Brick<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kbrick@utzsnacks.com\">kbrick@utzsnacks.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Other Manufacturing Manufacturing Food\/Beverage<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241205966389\/en\/1305744\/3\/121421_Utz_Brand_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Utz Brands, Inc. Increases Quarterly Cash Dividend HANOVER, Pa.&#8211;(BUSINESS WIRE)&#8211; Utz Brands, Inc. (NYSE: UTZ) (\u201cUtz\u201d or the \u201cCompany\u201d), a leading U.S. manufacturer of branded salty snacks and a small-cap value and growth Staples equity, today announced that its Board of Directors has approved an annual dividend increase from $0.236(1) to $0.244 per share. The increase is effective as of today, and the Utz Board of Directors has declared a regular quarterly cash dividend of approximately $0.061 per share on the Company\u2019s Class A Common Stock. Payment is expected to be made by the Company on January 2, 2025, to stockholders of record at the close of business on December 16, 2024. The cash dividend will be funded by cash &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/utz-brands-inc-increases-quarterly-cash-dividend\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Utz Brands, Inc. Increases Quarterly Cash Dividend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-792927","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Utz Brands, Inc. Increases Quarterly Cash Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/utz-brands-inc-increases-quarterly-cash-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Utz Brands, Inc. 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