Snyders-Lance Inc. Plans Quarterly Dividend of $0.16 (LNCE)
Snyders-Lance (NASDAQ:LNCE) announced a quarterly dividend on Friday, February 7th, Analyst Ratings News reports. Investors of record on Wednesday, February 26th will be paid a dividend of 0.16 per share on Wednesday, March 5th. This represents a $0.64 annualized dividend and a dividend yield of 2.48%.
On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of Snyders-Lance in a research note to investors on Tuesday. They now have a $29.00 price target on the stock, up previously from $28.00. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.
Shares of Snyders-Lance (NASDAQ:LNCE) opened at 25.91 on Friday. Snyders-Lance has a one year low of $24.15 and a one year high of $32.49. The stock has a 50-day moving average of $27.66 and a 200-day moving average of $28.42. The company has a market cap of $1.810 billion and a price-to-earnings ratio of 28.17.
Snyders-Lance (NASDAQ:LNCE) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.03. The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $457.77 million. On average, analysts predict that Snyders-Lance will post $1.20 earnings per share for the current fiscal year.
Snyder’s-Lance, Inc (NASDAQ:LNCE) is engaged in the manufacturing, distribution, marketing and sale of snack food products.
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