Lancaster Colony declares quarterly cash dividend of US$0.38/common share, payable March 29 to shareholders as of March 8
February 27, 2013
– Lancaster Colony Corporation (LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 38 cents per share on the company's common stock, payable March 29, 2013 to shareholders of record on March 8, 2013.
The board voted to continue the cash dividend at the higher level set three months ago. At that time, Lancaster Colony became one of only 16 U.S. companies to have increased regular cash dividends each year for 50 consecutive years.
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 199th consecutive quarterly cash dividend paid by the company since September 1963." He noted that the indicated annual payout, excluding the special dividend paid in December 2012, for the current fiscal year ending June 30, 2013 is $1.50 per share, up from the $1.41 per share paid in fiscal 2012.
Common shares currently outstanding are approximately 27,313,000.