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

NEW YORK ( TheStreet) -- The ex-dividend date for Snyders-Lance (Nasdaq: LNCE) is Monday, May 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $26.60 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Snyders-Lance has been 212,700 shares per day over the past 30 days. Snyders-Lance has a market cap of $1.83 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 17.5% year to date as of the close of trading on Thursday.

Snyder's-Lance, Inc. manufactures, markets, and distributes snack food products primarily in the United States. Its products include pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts, and restaurant style crackers. The company has a P/E ratio of 44.1, equal to the average food & beverage industry P/E ratio and 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income 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.

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