Lassonde Industries Inc (TSE:LAS.A) Declares Quarterly Dividend of $1.10

Lassonde Industries Inc (TSE:LAS.A - Get Free Report) announced 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 dividend yield of 1.98%. 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 Trading Up 0.4%

TSE:LAS.A traded up C$0.78 during trading hours on Monday, reaching C$222.00. 244 shares of the stock were exchanged, compared to its average volume of 3,143. Lassonde Industries has a twelve month low of C$132.99 and a twelve month high of C$234.00. The business has a 50-day moving average of C$208.73 and a two-hundred day moving average of C$191.70. The company has a market capitalization of C$681.54 million, a price-to-earnings ratio of 14.75 and a beta of -0.15. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.

Analyst Upgrades and Downgrades

LAS.A has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on shares of Lassonde Industries from C$243.00 to C$250.00 in a report on Monday, May 12th. National Bankshares increased their price objective on 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. Canaccord Genuity Group lifted their price objective on Lassonde Industries from C$225.00 to C$240.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, Desjardins upgraded shares of Lassonde Industries from a "hold" rating to a "buy" rating and increased their price target for the company from C$205.00 to C$255.00 in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.