News Column

Lancaster Colony Continues Higher Cash Dividend; Board of Directors Sets Annual Meeting Date And Time

September 6, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Lancaster Colony Corporation (Nasdaq: LANC) announced that its Board of Directors has declared a quarterly cash dividend of 44 cents per share on the company's common stock, payable September 30, 2014 to shareholders of record on September 9, 2014.

The board voted to continue the cash dividend at the higher level set nine months ago. The company is one of only 16 U.S. companies to have increased regular cash dividends each year for 51 consecutive years.

The company also announced that its board of directors has set the annual meeting of shareholders for 11:30 a.m. ET, Monday, November 17, 2014 in the Edna Boies Hopkins meeting room at The Hilton Columbus Downtown, 401 North High Street, Columbus, Ohio 43215. The record date for shareholders entitled to vote at the meeting is Friday, September 19, 2014.

John B. Gerlach, Jr., chairman and chief executive officer of Lancaster Colony, said, "The dividend reflects the company's continued strong financial position and will be the 205(th) consecutive quarterly cash dividend paid by the company since September 1963." He noted that the indicated annual payout for the current fiscal year ending June 30, 2015 is $1.76 per share, up from the $1.72 per share paid in fiscal 2014.

Common shares currently outstanding are approximately 27,339,000.

Keywords for this news article include: Investment and Finance, Lancaster Colony Corporation.

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Source: Investment Weekly News


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