Snyder’s-Lance, Inc. (NASDAQ:LNCE) to Issue Quarterly Dividend of $0.16 on August 30th

Snyder’s-Lance, Inc. (NASDAQ:LNCE) declared a quarterly dividend on Friday, August 4th, RTT News reports. Investors of record on Tuesday, August 22nd will be given a dividend of 0.16 per share on Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, August 18th.

Snyder’s-Lance (LNCE) opened at 37.10 on Friday. The company’s 50-day moving average price is $35.32 and its 200-day moving average price is $37.20. The stock has a market cap of $3.59 billion, a P/E ratio of 100.82 and a beta of 0.71. Snyder’s-Lance has a 1-year low of $31.03 and a 1-year high of $40.85.

Snyder’s-Lance (NASDAQ:LNCE) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $579.60 million for the quarter, compared to analysts’ expectations of $565.66 million. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Analysts predict that Snyder’s-Lance will post $1.13 EPS for the current year.

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In other news, Director Peter P. Brubaker acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $37.10 per share, for a total transaction of $37,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.70% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on LNCE. BidaskClub lowered Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. SunTrust Banks, Inc. lowered Snyder’s-Lance from a “buy” rating to a “hold” rating and decreased their price target for the company from $45.00 to $30.00 in a research note on Monday, April 17th. TheStreet raised Snyder’s-Lance from a “c+” rating to a “b” rating in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $43.00 price target (up from $38.00) on shares of Snyder’s-Lance in a research note on Wednesday. Finally, Zacks Investment Research lowered Snyder’s-Lance from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.80.

Snyder’s-Lance Company Profile

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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