Marzetti Raises Quarterly Dividend to $1.05 a Share, Marking 64th Increase
Key Facts
Marzetti announced it is raising its quarterly cash dividend to $1.05 per common share, an increase of 5 cents from the previous level. The company said the decision marks the 64th consecutive year of increases in its regular cash dividend. The announcement adds another step to a record stretching back decades, while increasing the amount due to shareholders each quarter. The dividend will be paid on December 31, 2026, to shareholders of record on December 4, 2026, according to the company’s statement. The record date is less than a month before the payment date, based on the two dates in the announcement. The latest closing price available in EL7 data before the announcement was $109.3 a share on November 10, 2026.
The decision follows the company’s announcement on August 19, 2026, of a quarterly dividend of $1.00 a share. Marzetti said at the time that the amount maintained the higher level it had set nine months earlier. Compared with that dividend, the new payment is 5 cents higher per share, based on the two announced amounts. The August statement described the company’s record at the time as 63 consecutive years of regular increases and said Marzetti was one of only 12 U.S. companies with a similar record. The November announcement adds another year to the streak the company described in August as having reached 63 years.
The CEO said the announced dividend will be the company’s 254th consecutive quarterly cash payment since September 1963. The August statement said the dividend announced then would be the 253rd payment in the same series, placing the new announcement directly after that record. The CEO also said the indicated annual dividend for the current fiscal year, ending June 30, 2027, is $4.15 a share. That compares with $3.95 a share paid in fiscal 2026. The figures in the statement therefore reflect an increase in the indicated annual dividend between the two fiscal years, alongside the quarterly payment’s rise to $1.05.
Fiscal 2026 results provide financial context for the announcement: Marzetti reported net sales of $1.93 billion, up 1.1% from the prior year. Operating income rose 8.3% to $238.7 million over the same period. The annual report also showed that cash flow from operating activities reached a record $283.8 million in fiscal 2026. At year-end, cash stood at $25.1 million, with $200 million of debt outstanding following the acquisition of Bachan’s. These figures are for the fiscal year ended June 30, 2026, while the new dividend applies to the following fiscal year.
The announcement comes as part of the company’s 2026 corporate agenda, which includes a non-binding advisory vote on executive compensation. The proxy statement also includes ratification of Deloitte & Touche’s selection as independent auditor for the year ending June 30, 2027. These items set out other matters before shareholders alongside the cash dividend. The date directly tied to the new payment is December 4, 2026, the record date for eligible shareholders. The scheduled payment date, December 31, 2026, follows.