Lassonde Industries Inc (TSE:LAS.A) Plans Dividend Increase - $1.10 Per Share

Lassonde Industries Inc (TSE:LAS.A - Get Free Report) declared a quarterly dividend on Wednesday, May 21st, TickerTech Dividends reports. Investors of record on Friday, June 13th will be paid a dividend of 1.10 per share on Friday, June 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, May 21st. This is a 57.1% increase from Lassonde Industries's previous quarterly dividend of $0.70.

Lassonde Industries Stock Up 0.5%

LAS.A traded up C$1.17 on Wednesday, reaching C$223.10. The company's stock had a trading volume of 131 shares, compared to its average volume of 3,168. The stock has a 50 day moving average of C$205.69 and a two-hundred day moving average of C$190.29. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The company has a market capitalization of C$684.92 million, a price-to-earnings ratio of 14.82 and a beta of -0.15. Lassonde Industries has a fifty-two week low of C$132.99 and a fifty-two week high of C$234.00.

Analyst Upgrades and Downgrades

LAS.A has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Lassonde Industries from C$243.00 to C$250.00 in a research report on Monday, May 12th. Desjardins upgraded shares of Lassonde Industries from a "hold" rating to a "buy" rating and raised their target price for the stock from C$205.00 to C$255.00 in a research report on Monday, March 31st. Canaccord Genuity Group raised their target price on shares of Lassonde Industries from C$225.00 to C$240.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Finally, National Bankshares raised their target price on shares of Lassonde Industries from C$213.00 to C$223.00 and gave the stock a "sector perform" rating in a research report on Monday, March 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Lassonde Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of C$229.60.

Lassonde Industries Company Profile

Lassonde Industries Inc, together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. The company also offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, packaged corn-on-the-cob, and pasta sauces.

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