UTZ Brands Inc (NYSE:UTZ) announced a quarterly dividend on Thursday, September 10th, Zacks reports. Investors 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 dividend on an annualized basis 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.
UTZ Brands stock opened at $18.06 on Wednesday. The company has a 50-day simple moving average of $15.01. UTZ Brands has a one year low of $9.84 and a one year high of $19.16.
A number of equities research analysts have commented on UTZ shares. DA Davidson started coverage on UTZ Brands in a research note on Thursday, July 2nd. They issued a “buy” rating and a $17.00 price target for the company. 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.
UTZ Brands Company Profile
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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