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Stock impact report

Lancaster Colony Continues Higher Cash Dividend

Lancaster Colony Corporation (LANC) 
Last lancaster colony corporation earnings: 10/26 07:20 am Check Earnings Report
Company Research Source: PR Newswire
WESTERVILLE, Ohio, Feb. 27, 2019 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 65 cents per common share, payable March 29, 2019 to shareholders of record on March 8, 2019.The quarterly cash dividend amount of 65 cents per share maintains the higher level set three months ago, which marked the company's 56th consecutive year of increased regular cash dividends.  Lancaster Colony is one of only 13 U.S. companies with 56 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 223rd 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, 2019 is $2.55 per share, up from the $2.35 per share paid in fiscal 2018.Common shares currently outstanding are approximately 27,497,00 Show less Read more
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