Lancaster Colony Corp. (LANC) Declares $0.50 Quarterly Dividend; 1.7% Yield

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Lancaster Colony Continues Higher Cash Dividend

May 25, 2016 1:00 PM EDT

COLUMBUS, Ohio, May 25, 2016 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 50 cents per share on the company's common stock, payable June 30, 2016 to shareholders of record on June 9, 2016. 

The board voted to continue the cash dividend at the higher level set six months ago. The company is one of only 15 U.S. companies to have increased regular cash dividends each year for 53 consecutive years.

John B. Gerlach, Jr., chairman and chief executive officer of Lancaster Colony, said,... More