Lancaster Colony maintains dividend, sets virtual meeting with Investing.com
WESTERVILLE, Ohio Lancaster Colony (NASDAQ:) Corporation (NASDAQ:LANC), a manufacturer and marketer of specialty food products, announced Monday that its Board of Directors has declared a quarterly cash dividend of 90 cents per share. Dividends are payable on September 30, 2024, to shareholders of record as of September 9, 2024.
This dividend payment continues the company's long-term tradition of dividend growth, maintaining the growth rate established over the past nine months. Lancaster Colony marks its 61st consecutive year of increasing common currency dividends, a streak that places it among an exclusive group of 13 US companies with such a record.
CEO David A. Ciesinski commented on the budget, noting the company's strong financial health and its history of consistent shareholder returns. “The dividend reflects the company's continued strong financial position and will be the 245th consecutive dividend payment by the company since September 1963,” Ciesinski said.
In addition to the dividend announcement, Lancaster Colony has scheduled its annual meeting of shareholders for November 6, 2024, at 1:00 pm ET. The meeting will use a virtual format only, accessible via live webcast.
Shareholders as of the record date, September 9, 2024, will be eligible to participate, vote, and submit questions during the event. Detailed participation instructions and proxy materials will be provided to shareholders in October, with access to a webcast available on the company's website.
The company's outstanding common shares are approximately 27,527,000. Lancaster Colony's portfolio includes a wide range of specialty food products for both retail and catering channels.
This article was created with the support of AI and reviewed by an editor. For more information see our T&C.
