ROUGEMONT, QC, Feb. 14,
2024 /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.
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.
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
February 26, 2024, will receive a
quarterly dividend of $1.00 per
share, payable on March 15, 2024.
This dividend is an eligible dividend.
About Lassonde
Lassonde Industries Inc. is a leader in the food and beverage
industry in North America. 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 and fondue broths and
sauces. The Corporation also imports and markets selected wines
from several countries of origin and produces apple cider and
cider-based drinks.
The Corporation operates 16 plants located in Canada and the
United States and produces its superior quality products
through the expertise of over 2,700 full-time equivalent employees.
To learn more, visit www.lassonde.com
The Corporation is active in two market segments:
- Retail sales consist of (i) sales to food retailers and
wholesalers such as supermarket chains, independent grocers,
superstores, warehouse clubs, major pharmacy chains and (ii) online
sales; and
- Food service sales consist of sales to restaurants, hotels,
hospitals, schools, and wholesalers serving these
institutions.
SEDAR registration number: 00002099
SOURCE Lassonde Industries Inc.