Another Great Call Lazarus - After their special dividend in October, they announced a 21% increase in their dividend today. Pretty good for a penny stock. Thank's for the recommendation.
Re: Armanino Foods of Distinction Inc. (AMNF.PK)
Company Web site: armaninofoods.com
This is the first penny stock that I have seen that pays a divided. It now yields 6% and they raised their dividend again!
Armanino Foods of Distinction, Inc. Ups Regular Quarterly Dividend By 21%
Press Release Source: Armanino Foods of Distinction, Inc. On Thursday December 9, 2010, 2:28 pm EST
finance.yahoo.com
HAYWARD, Calif.--(BUSINESS WIRE)-- Armanino Foods of Distinction, Inc. (Pink Sheets:AMNF.pk - News) today declared an increased regular quarterly dividend of $0.01 per share from its previous amount of $0.00825, an increase of 21%.This dividend will be payable on or about January 28, 2011 to share-holders of record January 3, 2011. This is the Company’s 42nd consecutive quarterly dividend. In addition, the Company has had nine special dividends the last of which was disbursed in October of 2010.
Douglas R. Nichols, Chairman of the Board stated, “We are having an exceptionally strong year and think we should reward our shareholders accordingly. Our balance sheet remains very strong.”
Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pesto sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic and Mediterranean. Armanino’s Organic line includes classic Basil Pesto. Frozen pastas, sauces, meatballs and Focaccia are also offered by Armanino Foods.
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I started a tracking position on 10/17/2010 at $0.64. Company is up 11% and they even raised their dividend again.
Company has a great balance sheet, over $500K cash in the bank and continue to increase their sales by double digits.
EKS |
