UTZ Brands Inc (NYSE:UTZ) announced a quarterly dividend on Thursday, September 10th, Zacks reports. Stockholders of record on Monday, September 21st will be paid a dividend of 0.05 per share on Tuesday, October 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, September 18th.

UTZ Brands has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings.

NYSE:UTZ opened at $18.06 on Wednesday. UTZ Brands has a one year low of $9.84 and a one year high of $19.16. The stock has a 50-day moving average price of $15.01.

UTZ has been the subject of a number of research reports. Piper Sandler initiated coverage on UTZ Brands in a research note on Wednesday. They issued a “neutral” rating and a $18.00 price target for the company. DA Davidson began coverage on shares of UTZ Brands in a report on Thursday, July 2nd. They issued a “buy” rating and a $17.00 target price on the stock.

About UTZ Brands

UTZ Brands Inc does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company focuses on searching for a business in the consumer goods industry and related sectors.

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