WESTERVILLE, Ohio – Lancaster Colony (NASDAQ:) Company (NASDAQ:LANC), a producer and marketer of specialty meals merchandise, introduced on Monday that its Board of Administrators has declared a quarterly money dividend of 90 cents per widespread share. The dividend is payable on September 30, 2024, to shareholders of report as of September 9, 2024.
This dividend fee continues the corporate’s long-standing custom of dividend progress, sustaining the elevated degree established 9 months in the past. Lancaster Colony marks its 61st consecutive yr of standard money dividend will increase, a streak that positions it amongst an elite group of 13 U.S. firms with such a report.
CEO David A. Ciesinski commented on the dividend, noting the corporate’s sturdy monetary well being and its historical past of constant shareholder returns. “The dividend displays the corporate’s continued robust monetary place and would be the 245th consecutive quarterly money dividend paid by the corporate since September 1963,” stated Ciesinski.
Along with the dividend announcement, Lancaster Colony has scheduled its annual assembly of shareholders for November 6, 2024, at 1:00 p.m. ET. The assembly will undertake a virtual-only format, accessible through stay webcast.
Shareholders as of the report date, September 9, 2024, will probably be eligible to take part, vote, and submit questions through the occasion. Detailed participation directions and proxy supplies will probably be supplied to the shareholders in October, with entry to the webcast obtainable via the corporate’s web site.
The corporate’s present excellent widespread shares complete roughly 27,527,000. Lancaster Colony’s portfolio contains quite a lot of specialty meals merchandise for each retail and foodservice channels.
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