PLEASANTON, Calif. — June 25, 2025 — Armanino Foods of Distinction, Inc. (OTCQX: AMNF), a renowned producer of premium frozen Italian specialty foods, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per share on its common stock. This dividend will be payable on or around July 27, 2025, to shareholders of record as of the close of business on July 7, 2025.
This declaration marks a significant milestone for Armanino Foods, representing the 100th consecutive quarterly dividend distributed by the Company—a clear reflection of its enduring financial health, consistent performance, and unwavering commitment to delivering shareholder value. In addition to these quarterly payouts, the Company has also distributed eleven special dividends throughout its corporate history, further underscoring its dedication to rewarding investors during periods of exceptional financial results.
“Reaching our 100th consecutive quarterly dividend is a proud achievement that speaks to our long-term discipline, operational strength, and loyalty to shareholders,” said a spokesperson for Armanino Foods. “We believe this consistent record reflects our ability to remain resilient and innovative in a competitive and ever-evolving food industry.”
Annual Meeting of Shareholders Scheduled for September
Alongside the dividend announcement, Armanino Foods also disclosed plans for its upcoming Annual Meeting of Shareholders, which will take place on September 24, 2025, at 9:00 a.m. Pacific Time. The meeting will be held in person near the Company’s corporate headquarters located in Pleasanton, California.
The Annual Meeting will provide shareholders with the opportunity to receive updates on the Company’s operational and financial performance, vote on key governance matters, and engage directly with the leadership team. Specific details regarding the meeting—including the agenda, proposals to be voted on, and instructions for participation—will be outlined in the Company’s official proxy materials, which are scheduled to be mailed to shareholders in August 2025.
About Armanino Foods of Distinction
Founded with a vision to bring authentic Italian flavors to the global market, Armanino Foods of Distinction has grown into a well-established international food brand recognized for its high-quality, frozen Italian specialty products. The Company manufactures and markets its offerings to a diverse range of customers, including foodservice providers, retail chains, and industrial clients across the United States and international markets.
The cornerstone of Armanino’s product line is its signature Basil Pesto, an aromatic blend that has long been a staple in kitchens and restaurants. However, the Company has significantly expanded its portfolio over the years to include a wide array of sauces, seasonings, and specialty products. These include:
- Flavorful Sauces: Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light Basil Pesto, Chimichurri, Harissa, Bolognese, and Alfredo.
- Organic Products: A certified organic version of its classic Basil Pesto.
- Complementary Offerings: Cheese shakers, a variety of frozen pastas, and meatballs that round out its robust selection of Italian-inspired foods.
Known for its dedication to innovation and food quality, Armanino continually adapts to evolving culinary trends and consumer preferences while remaining true to its roots in traditional Italian cuisine.
A Record of Resilience and Growth
Armanino Foods has weathered numerous economic and industry challenges over the decades and emerged stronger through disciplined cost management, customer-focused strategies, and an agile supply chain. The Company’s continued profitability and ability to issue regular dividends—even during volatile market conditions—has made it a dependable choice for income-focused investors.
While Armanino is proud of its achievements, it remains focused on sustaining its momentum and driving future growth. This includes exploring new product innovations, expanding distribution networks, and enhancing operational efficiency through technology and strategic partnerships.
Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect Armanino’s current expectations and projections regarding future events and performance, and often include terms such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “estimate,” “will,” “should,” “could,” and similar expressions.
Examples of forward-looking statements in this release include expectations about the Company’s continued dividend payments, future financial performance, growth strategies, and the successful execution of its shareholder meeting. These statements are not guarantees of future performance and are inherently subject to risks and uncertainties.
Key factors that may cause actual results to differ materially from those projected include:
- Macroeconomic Conditions: Shifts in consumer confidence, discretionary spending, and broader economic cycles could influence demand for foodservice and retail products.
- Pandemic-Related Uncertainties: The long-term consequences of COVID-19 and potential future public health emergencies remain difficult to predict, particularly regarding supply chain resilience and foodservice industry recovery.
- Commodity Volatility: Rising or fluctuating costs for raw materials, ingredients, and transportation could pressure margins and affect pricing structures.
- Competitive Pressures: The food manufacturing industry remains intensely competitive, with consumer trends shifting rapidly and new entrants frequently emerging.
- Supplier and Customer Relations: Dependence on third-party suppliers and distributors introduces potential for disruptions. Additionally, shifts in customer preferences or changes in purchasing behavior could impact revenue.
- Operational Challenges: The ability to execute cost-saving initiatives, adapt to changing regulations, and maintain product quality at scale are ongoing strategic priorities.
- Brand Reputation and Product Safety: A strong brand reputation is vital, and any product recalls or negative publicity could have significant financial and operational repercussions.
Armanino Foods cautions investors not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this announcement. The Company undertakes no obligation to publicly update or revise these statements unless required by applicable securities laws.
