Snyder\'s-Lance, Inc. (LNCE) Tops Q1 EPS by 3c; Guides FY11; Declares $0.16 Qtr. Dividend; 3.3% Yield
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Snyder\'s-Lance, Inc. (NASDAQ: LNCE) reported Q1 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $388 million versus the consensus estimate of $392.07 million.
Snyder\'s-Lance, Inc. sees FY2011 EPS of $0.85-$1.00, versus the consensus of $0.99. Snyder\'s-Lance, Inc. sees FY2011 revenue of $1.59-$1.65 billion, versus the consensus of $1.63 billion.
The Company also announced the declaration of a quarterly cash dividend of $0.16 per share on the Company's common stock, $0.64 annualized.
The dividend is payable on May 24, 2011 to stockholders of record at the close of business on May 16, 2011, with an ex-dividend date of May 12, 2011.
Yield on the dividend is 3.3 percent.
Snyder\'s-Lance, Inc. sees FY2011 EPS of $0.85-$1.00, versus the consensus of $0.99. Snyder\'s-Lance, Inc. sees FY2011 revenue of $1.59-$1.65 billion, versus the consensus of $1.63 billion.
The Company also announced the declaration of a quarterly cash dividend of $0.16 per share on the Company's common stock, $0.64 annualized.
The dividend is payable on May 24, 2011 to stockholders of record at the close of business on May 16, 2011, with an ex-dividend date of May 12, 2011.
Yield on the dividend is 3.3 percent.
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