{"id":812234,"date":"2025-02-12T15:03:07","date_gmt":"2025-02-12T20:03:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lancaster-colony-continues-higher-cash-dividend-5\/"},"modified":"2025-02-12T15:03:07","modified_gmt":"2025-02-12T20:03:07","slug":"lancaster-colony-continues-higher-cash-dividend-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lancaster-colony-continues-higher-cash-dividend-5\/","title":{"rendered":"Lancaster Colony Continues Higher Cash Dividend"},"content":{"rendered":"

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Lancaster Colony Continues Higher Cash Dividend<\/b><\/p>\n

WESTERVILLE, Ohio–(BUSINESS WIRE<\/a>)–
\nLancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, payable March 31, 2025 to shareholders of record on March 7, 2025.<\/p>\n

\nThe quarterly cash dividend amount of 95 cents per share maintains the higher level set three months ago, which marked the company\u2019s 62nd<\/sup> consecutive year of increased regular cash dividends. Lancaster Colony is one of only 12 U.S. companies with 62 straight years of regular cash dividend increases.<\/p>\n

\nCEO David A. Ciesinski said, \u201cThe dividend reflects the company\u2019s continued strong financial position and will be the 247th<\/sup> consecutive quarterly cash dividend paid by the company since September 1963.\u201d 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.<\/p>\n

\nCommon shares currently outstanding are approximately 27,571,000.<\/p>\n

Forward-Looking Statements
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<\/b>We desire to take advantage of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995 (the \u201cPSLRA\u201d). This news release contains various \u201cforward-looking statements\u201d within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words \u201canticipate,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cexpect,\u201d \u201chope,\u201d \u201cindicated\u201d or similar words. These statements discuss future expectations; contain projections regarding future developments, operations or financial conditions; or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments; and other factors we believe to be appropriate. These forward-looking statements involve various important risks, uncertainties and other factors, many of which are beyond our control, which could cause our actual results to differ materially from those expressed in the forward-looking statements.<\/i><\/p>\n

Some of the key factors that could cause actual results to differ materially from those expressed in the forward-looking statements include:<\/i><\/p>\n