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Lancaster Colony: dividend rises again

For the 38th consecutive year, Lancaster Colony has raised its quarterly dividend. The one cent increase was voted by the Lancaster Colony board on 20 November 2000.
The quarterly dividend will thus …

For the 38th consecutive year, Lancaster Colony has raised its quarterly dividend. The one cent increase was voted by the Lancaster Colony board on 20 November 2000. The quarterly dividend will thus amount to 17 cents per share, up from 16 cents per share paid in the previous four quarters. The dividend is payable on 29 December 2000 to shareholders of record on 8 December 2000. “The cash dividend brings the indicated annual payout for the current fiscal year ending 30 June 2001 to 67 cents per share, up 6% from the 63 cents per share paid in the fiscal year ended 30 June 2000,” said John B. Gerlach, Jr., chairman and CEO of Lancaster Colony. He noted that the dividend reflects the company“s continued strong financial position, and will be the 150th consecutive quarterly cash dividend paid by the company since September 1963. “We are especially pleased,” added Gerlach, “that Lancaster Colony is now one of only 37 US companies to have increased their cash dividends each year for 38 years.” Lancaster Colony shareholders have re-elected three incumbent directors for further three-year terms: Kerrii B. Anderson, Morris S. Halpern and Robert S. Hamilton.

 

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