Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.0363 per share. The dividend will be payable to shareholders of record on July 5, 2024 and will be disbursed on or about July 26, 2024. This is the Company’s 96th consecutive quarterly dividend. In addition, the Company has had eleven special dividends.

Additionally, the Board authorized an increase in the Company’s existing, but dormant, stock buyback program to purchase up to $7 million of additional shares of common stock in the open market, through block trades, and/or private transactions as permitted by applicable legal requirements. The stock buyback program does not obligate the Company to acquire any particular amount of common stock, and it may be modified, extended or terminated by the Board of Directors at any time. Between the inception of the buyback program in 2010 and the last purchases under the program in 2013, the Company purchased and retired 3,102,135 shares of its common stock at an aggregate purchase price of $2,394,294.