The Marzetti Company (MZTI) to Issue Quarterly Dividend of $1.00 on June 30th

The Marzetti Company (NASDAQ:MZTI) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 5th will be given a dividend of 1.00 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, June 5th.

Marzetti has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 62 years. Marzetti has a dividend payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings.

Marzetti Price Performance

NASDAQ MZTI opened at $108.83 on Wednesday. Marzetti has a 12 month low of $108.07 and a 12 month high of $190.96. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.03 and a beta of 0.33. The company’s 50 day simple moving average is $128.03 and its 200 day simple moving average is $151.38.

About Marzetti

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.