The Board of Directors of Lancaster Colony Corporation of the United States has voted to increase the cash dividend for the 34th consecutive year. The board declared a quarterly cash dividend of 18 ce…
The Board of Directors of Lancaster Colony Corporation of the United States has voted to increase the cash dividend for the 34th consecutive year. The board declared a quarterly cash dividend of 18 cents per share, up from 17 cents per share paid in the previous four quarters. The company also announced that John L. Boylan, 41, has been elected vice president and chief financial officer. Mr. Boylan has been with Lancaster Colony for the past 10 years in various financial positions. John B. Gerlach, Jr., president and chief operating officer of Lancaster Colony, said, “The dividend brings the indicated annual payout for the current fiscal year ending 30 June 1997, to 71 cents per share, up 7.6% from the 66 cents per share paid in the fiscal year ended 30 June 1996.”