Armanino Foods of Distinction Increases Quarterly Dividend by 25%.HAYWARD, Calif. -- Armanino Foods of Distinction (Pink Sheets:AMNF AMNF Address Mark Not Found (hard drive error) ) announced today that its directors have increased the quarterly dividend by 25% compared with the same period last year, from a penny per share to 1.25 cents. The dividend will be paid on or about April 28th, 2006 to shareholders of record on April 12th, 2006. During 2005, Armanino shares were split 5-to-1. This means that on an "apples to apples" basis, the newly declared dividend declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. would be equivalent to 6.25 cents versus 5 cents in the same quarter of 2005. "We had a great year in 2005," said William Armanino, the company's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "We're on a fast track so far this year. We wanted to share our increases with our shareholders, and so we have enriched our dividend payout." Armanino is an international food company that manufactures and markets frozen basil pesto sauce and numerous other sauces such as Cilantro, Dried Tomato Garlic, Roasted Red Bell Pepper, Southwest Chipotle chi·pot·le n. A ripe jalapeño pepper that has been dried and smoked for use in cooking. [American Spanish, from Nahuatl xipotli.] Noun 1. , Artichoke artichoke, name for two different plants of the family Asteraceae (aster family), both having edible parts. The French, or globe, artichoke (Cynara scolymus , Mushroom, Alfredo and organic sauces which are in the development stage, filled pasta products, meatballs, cooked poultry products, garlic spreads and Focaccia to the food service, industrial, institutional industry. |
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