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AMNF - Armanino Foods Is Cooking Up Ways To Increase Shareholder Value
Armanino Foods Of Distinction Inc.
This article on Armanino Foods of Distinction, Inc. (AMNF) is going to be short, sweet, and to the point. AMNF announced on June 19th that the company would be reducing its dividends by 36%. After the announcement, the stock price went up by 5%. The 5% price increase tells me that investors expected that the company would either not pay a dividend this quarter or pay a dividend of $0.01 or less (which was my estimate for 2Q20 until 4Q20).