Armanino Foods of Distinction, Inc. Raises Its Regular Quarterly Dividend by 16.67%
Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol: AMNF) today
declared an increased regular quarterly dividend of $0.014 per share.
This new level is an increase of 16.67% from the prior regular quarterly
dividend amount of $0.012. The dividend will be payable on or about July
26, 2013 to shareholders of record July 1, 2013. This dividend will be
the Company’s 52nd consecutive regular quarterly dividend. In
addition, the Company has had ten special dividends.
Douglas R. Nichols, Chairman of the board stated, “Our balance sheet
continues to be strong and think we should reward our shareholders
accordingly.”
Armanino Foods of Distinction, Inc. is an international food company
that manufactures and markets frozen Italian specialty food items such
as pestos, sauces and filled pastas to the foodservice, retail, and
industrial markets. In addition to a classic Basil Pesto Armanino offers
other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell
Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light Basil Pesto
and Alfredo sauce. Armanino’s Organic line includes classic Basil Pesto.
Frozen pastas and meatballs are also offered by Armanino Foods.
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