Utz Brands, Inc. Declares Quarterly Cash Dividend
December 07 2023 - 4:05PM
Business Wire
Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading
U.S. manufacturer of branded salty snacks, today announced that its
Board of Directors declared a regular quarterly cash dividend of
approximately $0.057 per share on the Company’s Class A Common
Stock. Payment is expected to be made by the Company on January 4.
2024, to stockholders of record at the close of business on
December 18, 2023.
The cash dividend will be funded by cash distributions made by
Utz Brands Holdings, LLC (“Utz Brands Holdings”) to Utz and the
other holders of Utz Brands Holdings’ common units on a pro-rata
basis.
Future declarations of quarterly or other dividends are subject
to the determination and discretion of Utz’s Board of Directors
based on its consideration of various factors, including the
Company’s results of operations, financial condition and other
factors that Utz’s Board of Directors may deem relevant.
About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ)
manufactures a diverse portfolio of savory snacks through popular
brands including Utz®, ON THE BORDER® Chips & Dips, Golden
Flake®, Zapp’s®, Good Health®, Boulder Canyon®, Hawaiian® Brand,
and TORTIYAHS!®, among others.
After a century with strong family heritage, Utz continues to
have a passion for exciting and delighting consumers with delicious
snack foods made from top-quality ingredients. Utz’s products are
distributed nationally through grocery, mass merchandisers, club,
convenience, drug, and other channels. Based in Hanover,
Pennsylvania, Utz has multiple manufacturing facilities located
across the U.S. to serve our growing customer base. For more
information, please visit www.utzsnacks.com or call
1‐800‐FOR‐SNAX.
Forward-Looking Statements Certain statements made herein
are not historical facts but are “forward-looking statements”
within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, as amended. The
forward-looking statements generally are accompanied by or include,
without limitation, statements such as “will”, “expect”, “intends”,
“goal” or other similar words, phrases or expressions. These
statements are based on the current expectations of the Company’s
management and are not predictions of actual performance. These
statements are subject to a number of risks and uncertainties and
the Company’s business and actual results may differ
materially.
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version on businesswire.com: https://www.businesswire.com/news/home/20231207746212/en/
UTZ Brands, Inc.: Investor Kevin Powers
kpowers@utzsnacks.com
Media Kevin Brick kbrick@utzsnacks.com
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