Business
Lassonde Industries Inc. amends its dividend policy and declares a quarterly dividend of $1.00 per share
Lassonde Industries Inc. amends its dividend policy and declares a quarterly dividend of $1.00 pe...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n \n \n \n Lassonde Industries Inc. amends its dividend policy and declares a quarterly dividend of $1.00 per share\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n ROUGEMONT, QC\n \n \n ,\n \n \n Feb. 14, 2024\n \n \n /CNW/ - Lassonde Industries Inc. (TSX: LAS.A) (the \"Corporation\") announces that it has amended its dividend policy, which consisted of declaring and paying to holders of Class A Subordinate Voting Shares and of Class B Multiple Voting Shares, on an annualized basis, a dividend representing approximately 25% of profit attributable to shareholders from the previous fiscal year.\n \n \n The dividend policy is amended such that the declaration, amount and payment of dividends on Class A Subordinate Voting Shares and Class B Multiple Voting Shares of the Corporation, are at the discretion of the Board of Directors which, in its decisions, will take into account the financial results, capital requirements and available cash flows of the Corporation, the outlook with respect to its activities and, if applicable, other factors that it deems relevant. The dividend is currently expected to remain at this level, subject to the Board of Directors' ongoing evaluation of the previously listed factors.\n \n \n The Corporation is pleased to announce that, in accordance with its new dividend policy, holders of Class A Subordinate Voting Shares and Class B Multiple Voting Shares registered as at\n \n February 26, 2024\n \n , will receive a quarterly dividend of\n \n $1.00\n \n per share, payable on\n \n March 15, 2024\n \n . This dividend is an eligible dividend.\n \n \n \n \n About Lassonde\n \n \n \n \n Lassonde Industries Inc. is a leader in the food and beverage industry in\n \n North America\n \n . The Corporation develops, manufactures, and markets a wide range of private label and national brand products, including ready-to-drink beverages, fruit–based snacks as well as frozen juice concentrates. It is also a leading producer of cranberry sauces and specialty food products such as pasta sauces, soups...