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The Marzetti Company Increases Regular Cash Dividend; Elects Three Incumbent Directors

MZTI
  • The Marzetti Company declared a quarterly cash dividend of $1.05 per common share, marking 64 consecutive years of dividend increases.
  • This dividend is one of only 12 U.S. companies to achieve 64 straight years of regular cash dividend growth.
  • The dividend will be payable on December 31, 2026, to shareholders of record on December 4, 2026.
  • There were 27,290,749 common shares outstanding as of the record date for the annual shareholder meeting.
  • CEO David A. Ciesinski noted the dividend reflects strong financial position & will be the 254th consecutive quarterly payment since September 1963.
  • The indicated annual payout for the fiscal year ending June 30, 2027, is $4.15 per share, an increase from $3.95 in fiscal 2026.
  • Shareholders elected three incumbent directors: John B. Gerlach, Jr., Gregory L. Hughes, & Robert P. Ostryniec.
  • Director Robert L. Fox retired from the Board after 35 years of dedicated service.
  • The release includes forward-looking statements regarding future expectations, operations, or financial conditions that involve risks & uncertainties.
  • Key risks cited include changes in cash flow & factors described in SEC filings such as the Form 10-K & Form 10-Q.