UTZ Brands hikes dividend by 3.4% (second hike in 2024)

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Salty snacks maker UTZ Brands (UTZ) has announced another dividend hike of 3.4% to 6.1 cents quarterly per share for 2024. This is the second dividend hike by UTZ this year and follows a special dividend paid this October.

Payment for the increased UTZ dividend is expected to be made by the company on January 2, 2025, to stockholders of record at the close of business on December 16, 2024. The dividend yield for UTZ is 1.5% at a stock price of $17.00.

UTZ annual dividend hikes

This September UTZ also declared a 1.1 cent per share special dividend. This year's dividend hike marks the third in the last four years. Another consumer staples company announcing a dividend increase this week is Campbell's.

Utz Brands, Inc. is a manufacturer of branded salty snacks. It produces a range of salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, pub/party mixes, and other snacks. Utz brands include Utz, On The Border, Chips & Dips, Zapp’s, and Boulder Canyon, among others.

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