Snyders-Lance Stock To Go Ex-dividend Monday (LNCE)

NEW YORK ( TheStreet) -- The ex-dividend date for Snyders-Lance (Nasdaq: LNCE) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $22.35 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Snyders-Lance has been 200,200 shares per day over the past 30 days. Snyders-Lance has a market cap of $1.54 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 0.4% year to date as of the close of trading on Thursday.

Snyder's-Lance, Inc. manufactures, markets, and distributes snack foods in the United States and Canada. Its products include pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, sugar wafers, nuts, restaurant style crackers, candies, and other salty snacks. The company has a P/E ratio of 39.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Snyders-Lance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Snyders-Lance Ratings Report.

See our dividend calendar or top-yielding stocks list.

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