Lancaster Colony Continues Higher Cash Dividend
16 Mayo 2024 - 2:00PM
Business Wire
Lancaster Colony Corporation (Nasdaq: LANC) announced today that
its Board of Directors has declared a quarterly cash dividend of 90
cents per common share, payable June 28, 2024 to shareholders of
record on June 7, 2024.
The quarterly cash dividend amount of 90 cents per share
maintains the higher level set six months ago, which marked the
company’s 61st consecutive year of increased regular cash
dividends. Lancaster Colony is one of only 13 U.S. companies with
61 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 244th
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, 2024 is $3.55 per share, up from the
$3.35 per share paid in fiscal 2023.
Common shares currently outstanding are approximately
27,527,000.
Forward-Looking Statements
We desire to take advantage of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 (the “PSLRA”).
This news release contains various “forward-looking statements”
within the meaning of the PSLRA and other applicable securities
laws. Such statements can be identified by the use of the
forward-looking words “anticipate,” “estimate,” “project,”
“believe,” “intend,” “plan,” “expect,” “hope,” “indicated” 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.
Some of the key factors that could cause actual results to
differ materially from those expressed in the forward-looking
statements include:
- changes in our cash flow or use of cash in various business
activities; and
- risks related to other factors described under “Risk Factors”
in other reports and statements filed by us with the Securities and
Exchange Commission, including without limitation our Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q (available at
www.sec.gov).
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515399016/en/
Dale N. Ganobsik Vice President, Corporate Finance and Investor
Relations Lancaster Colony Corporation Phone: 614/224‑7141 Email:
ir@lancastercolony.com
Lancaster Colony (NASDAQ:LANC)
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