Snyder's-Lance sells snacks such as potato chips, crackers, and pretzel crisps under the names of Snyder's of Hanover, Cape Cod, and of course, Lance. The company drives growth by investing in innovation, capacity, quality, and marketing. Last year, Snyder's-Lance's revenue and net income grew 9% and 33%, respectively. Balance sheet-wise, Snyder's-Lance maintains a low cash balance equating to a mere 1.5% of stockholder's equity; however, it lowered its long-term debt balance by 7% during the same time frame. Snyder's-Lance's dividend to free cash flow equated to 59% last year. Currently, the company pays its shareholders $0.64 per share per year and yields 2.5%.
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