Lancaster Colony (LANC) Declares $0.33 Quarterly Dividend; 2.6% Yield; Authorizes Additional 2M Common Buyback; Re-elects Two Directors
Up)
Lancaster Colony Corporation (Nasdaq: LANC) declares a quarterly dividend of $0.33 per common share, $1.32 annualized.
The dividend is payable December 31, 2010 to shareholders of record on December 10, 2010. The ex-dividend date is December 8, 2010.
Yield on the dividend is 2.6%.
The board also authorized the repurchase of an additional two million shares of the company's common stock as part of an ongoing stock repurchase program.
Voting at the annual meeting, shareholders reelected two incumbent directors. They are Alan F. Harris, retired executive vice president and chief marketing and customer officer of Kellogg Company, and Zuheir Sofia, chairman, president and CEO of Business Bank of Florida and chairman of Sofia & Company, Inc.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
The dividend is payable December 31, 2010 to shareholders of record on December 10, 2010. The ex-dividend date is December 8, 2010.
Yield on the dividend is 2.6%.
The board also authorized the repurchase of an additional two million shares of the company's common stock as part of an ongoing stock repurchase program.
Voting at the annual meeting, shareholders reelected two incumbent directors. They are Alan F. Harris, retired executive vice president and chief marketing and customer officer of Kellogg Company, and Zuheir Sofia, chairman, president and CEO of Business Bank of Florida and chairman of Sofia & Company, Inc.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- UPDATE: CORRECTION: MOCON, Inc. (MOCO) Declares $0.105 Quarterly Dividend; 2.7% Yield
- Tidewater (TDW) Approves $200M Buyback Plan
- Yahoo! (YHOO) Sells Half of its Alibaba Stake for $7.1 Billion, Boosts Buyback Plan By $5 Billion
Create E-mail Alert Related Categories
Dividends, Management Changes, Stock BuybacksRelated Entities
Dividend, Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
