AMNF Increases Quarterly Dividend

24 Mar 2018 22:34
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Frozen Italian food maker Armanino Foods of Distinction (AMNF) is a micro-stock with a market cap of under $100M. Being such a small company major news announcements tend to go unnoticed by major finance websites even when it is good news.

On March 8 AMNF announced a 12.5% increase in its quarterly dividend from $0.02 to $0.0225. With Its Friday 3/23 close of $2.67/share that places the annual yield at 3.37%. It is not surprising AMNF had such a large increase, they have been reporting record revenue and earnings for the last three quarters.

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