The Marzetti Company Increases Quarterly Dividend by 5% to $1.05 Per Share
The Marzetti Company (MZTI) has announced a 5% increase in its quarterly dividend, raising the payout from $1.00 to $1.05 per share. This adjustment brings the company's forward dividend yield to 3.84%. The dividend is scheduled to be payable on December 31, with the ex-dividend date and record date both set for December 4. Despite recent commentary suggesting a challenging first quarter, the company is maintaining its commitment to shareholder returns while targeting full-year margin growth of 25 to 75 basis points.