HAYWARD, Calif.--(BUSINESS WIRE)--Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) announced today that its board of directors has declared its regular quarterly cash dividend of $0.019 per share payable to shareholders of record January 4, 2016. The dividend will be disbursed on or about January 29, 2016. This dividend will be the Company’s 62nd consecutive regular quarterly dividend. In addition, the Company has had ten special dividends.
Edmond J. Pera, President and CEO of Armanino Foods stated “As we stated in our 3rd quarter press release on October 19th, we saw indicators of strong sales at the beginning of the 4th quarter. Those indicators have continued and give us optimism that 4th quarter financial performance will meet or surpass the then record financial performance posted by the Company in 2014. Of course, with approximately one month to go before final 4th quarter results are in, we cannot predict the quarter’s outcome. Nonetheless we remain optimistic that 4th quarter and year end results will meet our expectations.”
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, Bolognese and Alfredo sauce. Armanino’s organic line includes classic Basil Pesto. Armanino Foods also offers cheese shakers, frozen pastas and meatballs.
This press release contains forward-looking statements within the meaning of U.S. securities laws. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. The Company assumes no obligation to update the information included in this press release.