Lancaster Colony Corp., which makes specialty food, candles, glassware and automotive accessories, said 24 May 2006 it would repurchase an additional 2 million shares as part of an ongoing stock buyba…
Lancaster Colony Corp., which makes specialty food, candles, glassware and automotive accessories, said 24 May 2006 it would repurchase an additional 2 million shares as part of an ongoing stock buyback program. The company has about 32.6 million shares outstanding and about 1.3 million shares remaining under a previous repurchase authorization. Lancaster Colony also declared a quarterly cash dividend of USD 0.26 per share payable on 30 June 2006 to shareholders of record as of 9 June 2006. Excluding the USD 2 per share special dividend paid in December 2005, the indicated annual payout for the fiscal year ending 30 June 2006 is USD 1.03, a 5% increase from the USD 0.98 per share paid a year ago