Armanino Foods of Distinction Raises Dividend to Record Level Reflecting Confidence in Growth

Armanino Foods of Distinction, Inc. (OTCQX: AMNF) has announced an increase to its quarterly cash dividend, raising it from $0.04 to $0.05 per share. This dividend boost marks a new all-time high for the company and continues a remarkable streak with the 102nd consecutive quarter of dividend payments. The new dividend will be payable on or around October 24, 2025, to shareholders registered by the close of business on September 30, 2025. 

This decision by the Board of Directors highlights both the company’s resilience and its strong financial track record. Over recent years, Armanino Foods has delivered record revenue and earnings performance while adhering to a disciplined capital allocation strategy. James Ford, Chairman of the Board, noted that this milestone demonstrates the strength underlying the business and its lasting value creation for shareholders.

The company’s CEO, Deanna Jurgens, reinforced this view, stressing that Armanino Foods operates with a robust foundation thanks to a committed workforce, a trusted brand, and prudent growth management. The dividend increase not only reflects solid financial results but also highlights the company’s dedication to returning value to shareholders alongside ongoing investments aimed at sustainable expansion.

Armanino Foods specializes in manufacturing and marketing frozen Italian specialty food products including pestos, sauces, and filled pastas that serve foodservice, retail, and industrial customers internationally. The product range is broad, featuring classic Basil Pesto and variations such as Cilantro, Southwest Chipotle, Roasted Red Bell Pepper, Chimichurri, and more. Their offerings also include organic options, frozen pastas, meatballs, and cheese shakers.

Recent quarterly financial results exemplify the company’s upward momentum. In the second quarter of 2025, Armanino Foods reported record net sales driven by growth in foodservice and international channels. Gross profit saw double-digit gains fueled by strategic sourcing and scale advantages. Net income reached $4.8 million or $0.15 per share, a 30% increase in earnings per share compared to the same period last year. Operating expenses remained steady at just under 14% of sales despite investments to support growth. Capital management was disciplined with working capital of $25.7 million and cash reserves of $23 million as of mid-2025, demonstrating the company’s ability to balance shareholder returns, operational needs, and strategic investments. 

Armanino is preparing to invest an additional $1.5 million this year to expand manufacturing capacity, aligning with goals to meet rising demand and increase market share. The company aims to accelerate brand expansion in the United States while continuing international growth efforts, anticipating trade conditions to stabilize. Despite early signs of softness in parts of the restaurant sector, the outlook remains confident backed by strong customer relationships and operational execution.

The newly increased dividend will yield approximately 2.0% based on current share prices, providing a rewarding income stream for investors in addition to any market appreciation. This increase affirms Armanino’s long commitment to returning value to shareholders consistently over many years. It also signals management’s confidence in the company’s ability to sustain profit growth and cash generation well into the future.

For investors looking for exposure to an international food manufacturer with a durable business model, a history of dividend growth, and expanding operational scale, Armanino Foods of Distinction offers a compelling case. Its focus on quality specialty food items matched with disciplined financial management underscores the steady progress the company has made and its ambitions for continued success. 

The dividend increase comes at a time when many consumer-focused companies face headwinds, yet Armanino’s ability to maintain profitability and financially reward shareholders sets it apart in the market. Its 102 consecutive quarters of dividends and the recent all-time high payout demonstrate a business that is steady, reliable, and focused on long-term value creation.