Lassonde Industries Inc (TSE:LAS.A) Announces Quarterly Dividend of $0.70

Lassonde Industries Inc (TSE:LAS.A – Get Rating) announced a quarterly dividend on Wednesday, May 25th, TickerTech reports. Shareholders of record on Wednesday, June 15th will be paid a dividend of 0.70 per share on Wednesday, June 15th. This represents a $2.80 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, May 25th.

Shares of TSE:LAS.A traded down C$1.83 during mid-day trading on Tuesday, reaching C$120.99. The stock had a trading volume of 1,163 shares, compared to its average volume of 2,547. The business’s 50 day moving average price is C$138.87 and its 200 day moving average price is C$148.73. Lassonde Industries has a 1 year low of C$119.82 and a 1 year high of C$192.00. The company has a current ratio of 1.46, a quick ratio of 0.50 and a debt-to-equity ratio of 25.35. The company has a market cap of C$838.82 million and a P/E ratio of 11.79.

Separately, National Bankshares dropped their price objective on Lassonde Industries from C$170.00 to C$169.00 and set an “outperform” rating for the company in a report on Monday, May 16th.

About Lassonde Industries (Get Rating)

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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