Lancaster Colony Continues Higher Cash Dividend; Board of Directors Sets Annual Meeting Date and Time
Business Wire 14-Aug-2024 3:00 PM
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 90 cents per common share, payable September 30, 2024 to shareholders of record on September 9, 2024.
The quarterly cash dividend amount of 90 cents per share maintains the higher level set nine months ago, which marked the company's 61st consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 61 straight years of regular cash dividend increases.
CEO David A. Ciesinski said, "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."
The company also announced that its Board of Directors has set the date and time for the annual meeting of shareholders to be 1:00 p.m. ET, Wednesday, November 6, 2024. This year's annual meeting will be a virtual-only format via live webcast and shareholders will be able to participate, vote and submit questions during the virtual meeting. The record date for shareholders entitled to vote at the meeting is Monday, September 9, 2024. Shareholders of record will receive additional details and instructions for meeting participation in the proxy materials that will be made available to them in October. Access to the live webcast of the shareholder meeting will also be available through the company's website, www.lancastercolony.com.
Common shares currently outstanding are approximately 27,527,000.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels.
Forward-Looking Statements
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changes in our cash flow or use of cash in various business activities; and
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risks related to other factors described under "Risk Factors" in other reports and statements filed by us with the Securities and Exchange Commission, including without limitation our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q (available at www.sec.gov).
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