Utz Brands, Inc. Declares Quarterly Cash Dividend
September 09 2021 - 4:15PM
Business Wire
Utz Brands, Inc. (NYSE:UTZ) (“Utz” or the “Company”), a leading
U.S. manufacturer of branded salty snacks, today announced that its
Board of Directors declared a regular quarterly cash dividend of
approximately $0.05 per share on the Company’s Class A Common
Stock. Payment is expected to be made by the Company on October 11,
2021, to stockholders of record at the close of business on
September 20, 2021.
The cash dividend will be funded by cash distributions made by
Utz Brands Holdings, LLC (“Utz Brands Holdings”) to Utz and the
other holders of Utz Brands Holdings’ common units on a pro-rata
basis.
Future declarations of quarterly or other dividends are subject
to the determination and discretion of Utz’s Board of Directors
based on its consideration of various factors, including the
Company’s results of operations, financial condition and other
factors that Utz’s Board of Directors may deem relevant.
About Utz Brands, Inc.
Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of
savory snacks through popular brands including Utz®, ON THE BORDER®
Chips & Dips, Golden Flake®, Zapp’s®, Good Health®, Boulder
Canyon®, Hawaiian® Brand, and TORTIYAHS!®, among others.
After a century with strong family heritage, Utz continues to
have a passion for exciting and delighting consumers with delicious
snack foods made from top-quality ingredients. Utz’s products are
distributed nationally through grocery, mass merchandisers, club,
convenience, drug and other channels. Based in Hanover,
Pennsylvania, Utz operates fifteen facilities located in
Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana,
Massachusetts, Michigan and Washington. For more information,
please visit www.utzsnacks.com or call 1-800-FOR-SNAX.
Forward-Looking Statements
Certain statements made herein are not historical facts but are
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, as amended. The forward-looking statements generally are
accompanied by or include, without limitation, statements such as
“will”, “expect”, “intends”, “goal” or other similar words, phrases
or expressions. These statements are based on the current
expectations of the Company’s management and are not predictions of
actual performance. These statements are subject to a number of
risks and uncertainties and the Company’s business and actual
results may differ materially.
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UTZ Brands, Inc.: Investor Kevin Powers
kpowers@utzsnacks.com Media Kevin Brick
kbrick@utzsnacks.com
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