Armanino Foods of Distinction, Inc., Announces Regular Quarterly Dividend
December 06 2012 - 1:52PM
Business Wire
Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol:
AMNF) announced today that its board of directors has declared its
regular quarterly cash dividend of $0.012 per share payable to
shareholders of record December 17, 2012. The dividend will be
disbursed on or about December 28, 2012. As an accommodation to its
stockholders, the Company is accelerating the timing of payment of
the regular quarterly dividend given the current uncertainty
regarding tax rates applicable to dividend income. This dividend
will be the Company’s 50th consecutive regular quarterly dividend.
In addition, the Company has had ten special dividends.
Edmond J. Pera, President and CEO of Armanino Foods stated, “Our
balance sheet remains very healthy as sales and profits continue
the record setting trend of the third quarter and first nine months
of 2012. We are gratified by our food industry customers’ loyalties
and their recognition of the value our products contribute to their
success. All the signs we are seeing in the marketplace point to
continued healthy business for our products.”
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 and Light Basil Pesto. Armanino’s Organic
line includes classic Basil Pesto. Frozen pastas, sauces and
meatballs are also offered by Armanino Foods.
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