US-based Lancaster Colony Corp.“s board of directors voted on 20 November 1995 to increase the cash dividend for the 33rd consecutive year.
The board declared a quarterly cash dividend of 17 cents p…
US-based Lancaster Colony Corp.“s board of directors voted on 20 November 1995 to increase the cash dividend for the 33rd consecutive year. The board declared a quarterly cash dividend of 17 cents per share, up from 15 cents per share paid in the previous two quarters. The dividend was payable 29 December 1995 to shareholders of record on 8 December 1995. John B. Gerlach, chairman and chief executive officer of Lancaster Colony, said, “this dividend brings the indicated annual payout for the current fiscal year ending 30 June 1996, to 66 cents per share, up 20% from the 55 cents per share paid in the fiscal year ended 30 June 1995.” He noted that the dividend reflects the company“s continued strong earnings and financial position, and will be the 130th consecutive quarterly cash dividend paid by the company since September 1963.