The Marzetti Company (MZTI) To Go Ex-Dividend on September 8th

The Marzetti Company (NASDAQ:MZTI) declared a quarterly dividend on Wednesday, August 19th. Shareholders of record on Tuesday, September 8th will be paid a dividend of 1.00 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 8th.

Marzetti has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 62 years. Marzetti has a payout ratio of 56.6% meaning its dividend is sufficiently covered by earnings.

Marzetti Stock Performance

NASDAQ:MZTI opened at $112.89 on Friday. The company’s 50-day simple moving average is $111.38 and its 200-day simple moving average is $128.37. Marzetti has a fifty-two week low of $104.28 and a fifty-two week high of $190.96. The stock has a market capitalization of $3.10 billion, a P/E ratio of 17.67 and a beta of 0.32.

Marzetti Company Profile

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.