Utz Brands Reported the Approval of the Annual Dividend Raise

Recently, Utz Brands reported that the Board of Directors had approved raising the annual dividend per share from USD0.228 to USD0.236.

Commencing with March 28th, 2024, the Utz Board of Directors has announced a regular quarterly cash dividend on the company's Class A Common Stock, valued at roughly USD0.059 per share. 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,” according to a company’s press release.