Lassonde Industries (TSE:LAS) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Lassonde Industries (TSE:LAS) to a strong-buy rating in a report released on Tuesday, Zacks.com reports.

Lassonde Industries Price Performance

Lassonde Industries has a 1-year low of C$209.50 and a 1-year high of C$269.18.

Lassonde Industries (TSE:LAS) last released its quarterly earnings results on Thursday, August 8th. The company reported C$5.73 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.77 by C$1.96. The company had revenue of C$624.70 million during the quarter, compared to analyst estimates of C$599.15 million.

Lassonde Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 20th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of ∞.

Lassonde Industries Company Profile

Lassonde Industries Inc is a Canada-based company, which develops, manufactures and markets a range of ready-to-drink fruit and vegetable juices and drinks. The Company is a producer of store brand shelf-stable fruit juices and drinks in the United States and a producer of cranberry sauces. The Company operates in two market segments: the retail segment and the food service segment.