Lancaster Colony Corporation announced 21 February 2007 that its Board of Directors has declared a quarterly cash dividend of USD 0.27 per share on the company“s common stock, payable 30 March 2007 t…
Lancaster Colony Corporation announced 21 February 2007 that its Board of Directors has declared a quarterly cash dividend of USD 0.27 per share on the company“s common stock, payable 30 March 2007 to shareholders of record on 9 March 2007. The board voted to continue the cash dividend at the higher level set three months ago. At that time, the company marked 44 consecutive years of increasing regular cash dividends each year. Lancaster Colony is one of only 22 US companies to have increased regular cash dividends each year for 44 years. John B. Gerlach, Jr., chairman and chief executive officer of Lancaster Colony, said, “The dividend reflects the company“s continued strong financial position and will be the 175th consecutive quarterly cash dividend paid by the company since September 1963”. He noted that the indicated annual payout for the current fiscal year ending 30 June 2007 is USD 1.07 per share, a 4% increase from the USD 1.03 per share paid in the previous fiscal year excluding the USD 2.00 per share special dividend paid in December 2005. Common shares currently outstanding are approximately 31,541,000.
