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WESTERVILLE, Ohio, November 06, 2024--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, marking 62 consecutive years of increasing regular cash dividends. The company is one of only 12 U.S. companies with 62 straight years of regular cash dividend increases. The dividend will be payable December 31, 2024 to shareholders of record on December 5, 2024. As of the record date for today’s annual shareholder meeting, there were 27,566,647 common shares outstanding.
Voting at the annual meeting, shareholders reelected three incumbent directors. They are Zena Srivatsa Arnold, Chief Marketing Officer of Sephora; Michael H. Keown, adviser to several high-growth companies in the natural food industry; and George F. Knight III, retired Executive Vice President and Chief Financial Officer of Hexion, Inc.
CEO David A. Ciesinski said, "The increased regular cash dividend reflects the company’s continued strong financial position and will be the 246th 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, 2025 is $3.75 per share, up from the $3.55 per share paid in fiscal 2024.
Forward-Looking Statements
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