WESTERVILLE, Ohio - Lancaster Colony (NASDAQ:LANC) Corporation (NASDAQ:LANC), a manufacturer and marketer of specialty food products, announced on Monday that its Board of Directors has declared a quarterly cash dividend of 90 cents per common share. The dividend is payable on September 30, 2024, to shareholders of record as of September 9, 2024.
This dividend payment continues the company's long-standing tradition of dividend growth, maintaining the increased level established nine months ago. Lancaster Colony marks its 61st consecutive year of regular cash dividend increases, a streak that positions it among an elite group of 13 U.S. companies with such a record.
CEO David A. Ciesinski commented on the dividend, noting the company's robust financial health and its history of consistent shareholder returns. "The dividend reflects the company's continued strong financial position and will be the 245th consecutive quarterly cash dividend paid by the company since September 1963," said Ciesinski.
In addition to the dividend announcement, Lancaster Colony has scheduled its annual meeting of shareholders for November 6, 2024, at 1:00 p.m. ET. The meeting will adopt a virtual-only format, accessible via live webcast.
Shareholders as of the record date, September 9, 2024, will be eligible to participate, vote, and submit questions during the event. Detailed participation instructions and proxy materials will be provided to the shareholders in October, with access to the webcast available through the company's website.
The company's current outstanding common shares total approximately 27,527,000. Lancaster Colony's portfolio includes a variety of specialty food products for both retail and foodservice channels.
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