The specialty food company increased its quarterly dividend to 63.5 cents per share, up from 57.75 cents per share.
The increased payment to shareholders came as Premium Brands reported a profit of $23.3 million or 57 cents per share for the 13-weeks ended Dec. 26, up from $16.2 million or 43 cents per share a year earlier.
Revenue totalled nearly $1.06 billion, up from $959.1 million.
On an adjusted basis, Premium Brands says it earned 86 cents per share for its latest quarter, up from an adjusted profit of 79 cents per share a year ago.
On average, analysts had expected an adjusted profit of 78 cents per share and nearly $1.06 billion in revenue, according to financial data firm Refinitiv.
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