Snyders-Lance Inc. (LNCE) Announces Quarterly Dividend of $0.16
Snyders-Lance (NASDAQ:LNCE) declared a quarterly dividend on Thursday, August 7th, AnalystRatingsNetwork reports. Investors of record on Thursday, August 21st will be given a dividend of 0.16 per share on Friday, August 29th. This represents a $0.64 dividend on an annualized basis and a yield of 2.51%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Snyders-Lance from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $25.50 price target on the stock. Analysts at Deutsche Bank initiated coverage on shares of Snyders-Lance in a research note on Thursday, June 5th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $28.83.
Snyders-Lance (NASDAQ:LNCE) opened at 25.45 on Thursday. Snyders-Lance has a 52-week low of $24.67 and a 52-week high of $30.52. The stock has a 50-day moving average of $26.43 and a 200-day moving average of $26.85. The company has a market cap of $1.784 billion and a price-to-earnings ratio of 23.20.
Snyders-Lance (NASDAQ:LNCE) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.29. The company had revenue of $460.00 million for the quarter, compared to the consensus estimate of $450.23 million. Analysts expect that Snyders-Lance will post $1.23 EPS 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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