updated 1/18/2011 4:16:26 PM ET 2011-01-18T21:16:26

SAN FRANCISCO, Jan. 18, 2011 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (Nasdaq:DMND) today announced that its Board of Directors approved a cash dividend of $0.045 per common share. The dividend will be payable on February 4, 2011, to common stockholders of record as of January 28, 2011.

About Diamond

Diamond Foods  is a high-growth innovative packaged food company focused on building, acquiring and energizing brands including Kettle® Chips, Emerald ® snack nuts, Pop Secret ® popcorn, and Diamond of California ® culinary and snack nuts.  The Company's products are distributed in a wide range of stores where snacks and culinary nuts are sold.

Corporate Web Site: http://www.diamondfoods.com

Consumer Web Sites: www.snackbowl2011.com , www.diamondsnackbetter.com , www.kettlebrand.com , www.kettlefoods.co.uk , www.emeraldnuts.com , www.popsecret.com , and http://www.diamondnuts.com

The Diamond Foods, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6112

CONTACT: Investor Contact:
         Linda Segre, SVP, Corporate Strategy
         (415) 230-7924
         lsegre@diamondfoods.com
         
         Media Contact:
         Stephen Sibert, VP, Corporate Affairs and Communications
         (415) 445-7439
         ssibert@diamondfoods.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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