Lancaster Colony Continues Higher Cash Dividend
Lancaster Colony Continues Higher Cash Dividend |
[24-May-2018] |
WESTERVILLE, Ohio, May 24, 2018 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 60 cents per share on the company's common stock, payable June 29, 2018 to shareholders of record on June 8, 2018. The quarterly cash dividend amount of 60 cents per share maintains the higher level set six months ago, which marked the company's 55th consecutive year of increased regular cash dividends. Lancaster Colony is one of only 14 U.S. companies with 55 straight years of regular cash dividend increases. CEO David A. Ciesinski said, "The dividend reflects the company's continued strong financial position and will be the 220th consecutive quarterly cash dividend paid by the company since September 1963." He noted that the annual payout for the current fiscal year ending June 30, 2018 is $2.35 per share, up from the $2.15 per share paid in fiscal 2017. Common shares currently outstanding are approximately 27,484,000. Forward-Looking Statements Some of the key factors that could cause actual results to differ materially from those expressed in the forward-looking statements include:
Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update such forward-looking statements, except as required by law. Management believes these forward-looking statements to be reasonable; however, you should not place undue reliance on such statements that are based on current expectations. View original content:http://www.prnewswire.com/news-releases/lancaster-colony-continues-higher-cash-dividend-300654369.html SOURCE Lancaster Colony Corporation | ||
Company Codes: NASDAQ-NMS:LANC |
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