Dividend Update on Utz Brands: Key Details as the Ex-Dividend Date Approaches on Sep 15, 2025

Generado por agente de IAAinvest Dividend Digest
viernes, 12 de septiembre de 2025, 1:18 am ET1 min de lectura
UTZ--
Utz BrandsUTZ-- (UTZ) is set to distribute a quarterly cash dividend of $0.061 per share on Oct 2, 2025, to shareholders of record as of Sep 15, 2025. This announcement, made on Sep 4, 2025, aligns with the company’s recent dividend history. The current payout of $0.061 is in line with the last dividend declared on Jul 3, 2025, and is slightly higher than the average of the last 10 dividend payments, which stands at approximately $0.0506. Investors should be aware that Sep 15, 2025, marks the ex-dividend date, meaning any purchase of UTZUTZ-- stock on or after this date will not qualify for the upcoming dividend.

Recent developments highlight Utz Brands’ strategic moves to strengthen its market position. The company recently partnered with QuadMed to manage its Health & Wellness Center, aiming to enhance employee well-being and productivity. This collaboration reflects Utz’s broader commitment to fostering a supportive workplace environment. Additionally, Utz has expanded its Boulder Canyon brand, which now includes a range of products like tortilla chips and cheese balls, alongside its signature potato chips. The brand is projected to reach $200 million in sales by the end of 2025, driven by growing consumer interest in premium, seed-oil-free snacks.

Over the past week, Utz has also made strides in optimizing its operations and improving free cash flow. The company plans to streamline its supply chain and consolidate manufacturing facilities, including the closure of its Grand Rapids plant later this year. This initiative is expected to reduce costs and boost productivity, with CFO William Kelley noting that Capex spending is stabilizing, and efficiency improvements will continue into 2026. Despite a decline in second-quarter net income to $10.1 million, or $0.12 per share, compared to $25.4 million, or $0.24 per share, in the same period last year, Utz’s net sales increased by 2.9% to $366.7 million, signaling resilience in a competitive market.

As of late, Utz’s strategic expansion into new markets and increased retailer support have positioned the company for continued growth. Retailers are offering more shelf space, reflecting confidence in the brand’s performance and potential. The company’s portfolio, which includes well-known brands like On the Border, Zapp’s, and its flagship Utz brand, is now available in 30 U.S. markets, with further expansion expected. These developments underscore Utz Brands’ strong fundamentals and its ability to capitalize on emerging consumer trends. Investors should note that the ex-dividend date is Sep 15, 2025, the final day to purchase shares and be eligible for the Oct 2, 2025, dividend.

Comentarios



Add a public comment...
Sin comentarios

Aún no hay comentarios