Snyder's-Lance Inc. on Tuesday reported financial results for fiscal year 2012.

Net revenue for last year was $1.62 billion - 1 percent less than $1.64 billion in net revenues reported by the company a year earlier.

The company's net income was $59.1 million, or $0.85 per diluted share, compared to $38.3 million, or $0.56 per diluted share, in 2011.

Fourth quarter revenue was $420 million - a 1.9 percent increased compared to net revenue of $412 million during the fourth quarter of 2011.

Net income during the fourth quarter was $7.8 million, compared to $22.4 million during the same quarter a year prior.

Snyder's-Lance also declared a quarterly cash divided of $0.16 per share of common stock. The dividend is payable March 6 to shareholders of record at the close of business on Feb. 27.

CEO David Singer called it a successful year for the company, which is a merger of Snyder's of Hanover and Lance.

He will retire in May, when current President and Chief Operating Officer Carl Lee Jr., will replace Singer as CEO.