Sanfilippo & Son approves special cash dividend

ELGIN — John B. Sanfilippo & Son Inc., the maker of Fisher nuts and other food products, said Thursday its board of directors have declared a special cash stock dividend that will total approximately $29 million.

The $2.50 per share dividend will be paid for all outstanding common shares and class A common stock of the company, Sanfilippo & Son said.

“Our financial performance for the first two quarters of fiscal 2021 has provided us the opportunity to declare a special dividend to be paid in the third quarter of fiscal 2021,” said Jeffrey T. Sanfilippo, chairman and CEO. “These dividends, like our previous dividends, further reinforce our goal of creating long-term stockholder value through the responsible use of cash.”

The special dividend will be paid on March 16 to stockholders of record as of the close of business on Feb. 26.

Sanfilippo & Son is a processor, packager and distributor of nut and dried fruit-based products that are sold under a variety of private brands and under the company's Fisher, Orchard Valley Harvest, Sunshine Country and other brands.