Snyder's-Lance Inc Announces Quarterly Dividend of $0.16 (NASDAQ:LNCE)

Snyder's-Lance Inc (NASDAQ:LNCE) announced a quarterly dividend on Friday, February 9th, RTT News reports. Investors of record on Thursday, February 22nd will be given a dividend of 0.16 per share on Friday, March 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, February 21st.

Snyder's-Lance (NASDAQ:LNCE) remained flat at $$49.94 during mid-day trading on Wednesday. The company had a trading volume of 608,230 shares, compared to its average volume of 1,053,425. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.98. The firm has a market capitalization of $4,913.07, a price-to-earnings ratio of 33.30, a PEG ratio of 3.18 and a beta of 0.62. Snyder's-Lance has a one year low of $31.03 and a one year high of $50.67.

Snyder's-Lance (NASDAQ:LNCE) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $551.56 million for the quarter, compared to analyst estimates of $562.45 million. Snyder's-Lance had a return on equity of 5.53% and a net margin of 6.68%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. equities research analysts forecast that Snyder's-Lance will post 1.31 EPS for the current fiscal year.

Several research firms recently commented on LNCE. BidaskClub cut shares of Snyder's-Lance from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. SunTrust Banks raised their price target on shares of Snyder's-Lance to $50.00 and gave the stock a “hold” rating in a report on Tuesday, December 19th. BMO Capital Markets raised their price target on shares of Snyder's-Lance from $49.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, March 1st. Jefferies Group cut shares of Snyder's-Lance from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Tuesday, February 6th. Finally, Deutsche Bank set a $50.00 target price on shares of Snyder's-Lance and gave the company a “buy” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Snyder's-Lance has a consensus rating of “Hold” and a consensus price target of $47.00.

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About Snyder's-Lance

Snyder’s-Lance, Inc is a snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, restaurant style crackers, popcorn, nuts and other salty snacks.

Dividend History for Snyder's-Lance (NASDAQ:LNCE)

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