Lancaster Colony Corporation announced that its Board of Directors declared a quarterly cash dividend of 95 cents per common share. This represents an increase from the previous dividend of $0.90 per share, marking the company's 62nd consecutive year of increasing regular cash dividends.
The dividend will be payable on December 31, 2024, to shareholders of record as of December 5, 2024. This consistent dividend growth positions Lancaster Colony as one of only 12 U.S. companies with such a long track record of annual dividend increases.
CEO David A. Ciesinski stated that the increased dividend reflects the company's strong financial position. The indicated annual payout for the current fiscal year ending June 30, 2025, is $3.75 per share, up from $3.55 per share paid in fiscal year 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.