Snyder's-Lance Inc (NASDAQ:LNCE) announced a quarterly dividend on Friday, February 9th, RTT News reports. Stockholders of record on Thursday, February 22nd will be paid 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 is Wednesday, February 21st.
Shares of Snyder's-Lance (LNCE) opened at $49.95 on Tuesday. The company has a market capitalization of $4,857.02, a P/E ratio of 45.00, a PEG ratio of 3.28 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.63. Snyder's-Lance has a 52 week low of $31.03 and a 52 week high of $50.67.
Several equities research analysts have recently commented on LNCE shares. BidaskClub raised Snyder's-Lance from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Deutsche Bank set a $50.00 price target on Snyder's-Lance and gave the stock a “buy” rating in a research note on Friday, December 15th. TheStreet lowered Snyder's-Lance from a “b” rating to a “c+” rating in a research note on Tuesday, November 7th. SunTrust Banks reissued a “hold” rating and set a $35.00 price target on shares of Snyder's-Lance in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered Snyder's-Lance from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.83.
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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.
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