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Diamond Foods Announces Quarterly Dividend of $0.045

SAN FRANCISCO, Oct. 8, 2010 (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 November 3, 2010, to common stockholders of record as of October 22, 2010. 
/ Source: GlobeNewswire

SAN FRANCISCO, Oct. 8, 2010 (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 November 3, 2010, to common stockholders of record as of October 22, 2010. 

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.

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CONTACT: Diamond Foods, Inc. Investors: Bob Philipps, VP, Treasury & Investor Relations 415.445.7426 bphilipps@diamondfoods.com Edelman Media: Michael Altfest, Account Supervisor 415.445.3244 Michael.altfest@edelman.com