Lancaster Colony Increases Regular Cash Dividend; Reelects Three Incumbent Directors
Lancaster Colony (Nasdaq: LANC) announced a quarterly cash dividend increase to 95 cents per common share, marking 62 consecutive years of increasing regular cash dividends. The dividend is payable December 31, 2024, to shareholders of record on December 5, 2024. The company's indicated annual payout for fiscal year ending June 30, 2025, will be $3.75 per share, up from $3.55 in fiscal 2024. Shareholders reelected three incumbent directors at the annual meeting. Lancaster Colony is among only 12 U.S. companies with 62 straight years of regular cash dividend increases, having paid 246 consecutive quarterly dividends since September 1963.
Lancaster Colony (Nasdaq: LANC) ha annunciato un aumento del dividendo in contante trimestrale a 95 centesimi per azione ordinaria, segnando 62 anni consecutivi di aumenti dei dividendi regolari in contante. Il dividendo sarà pagato il 31 dicembre 2024, agli azionisti registrati al 5 dicembre 2024. Il pagamento annuale indicato dall'azienda per l'anno fiscale che termina il 30 giugno 2025, sarà di $3,75 per azione, in aumento rispetto a $3,55 per l'anno fiscale 2024. Gli azionisti hanno rieletti tre direttori in carica nell'assemblea annuale. Lancaster Colony è tra le sole 12 aziende statunitensi con 62 anni consecutivi di aumenti regolari dei dividendi in contante, avendo pagato 246 dividendi trimestrali consecutivi dal settembre 1963.
Lancaster Colony (Nasdaq: LANC) anunció un incremento del dividendo en efectivo trimestral a 95 centavos por acción común, marcando 62 años consecutivos de aumento de dividendos regulares en efectivo. El dividendo se pagará el 31 de diciembre de 2024, a los accionistas registrados el 5 de diciembre de 2024. El pago anual indicado de la compañía para el año fiscal que termina el 30 de junio de 2025, será de $3.75 por acción, aumentando desde $3.55 en el año fiscal 2024. Los accionistas reelegieron a tres directores en funciones en la reunión anual. Lancaster Colony se encuentra entre solo 12 empresas estadounidenses con 62 años consecutivos de aumentos regulares de dividendos en efectivo, habiendo pagado 246 dividendos trimestrales consecutivos desde septiembre de 1963.
랜캐스터 콜로니 (Nasdaq: LANC)는 분기 현금 배당금을 주당 95센트로 인상한다고 발표했으며, 이는 62년 연속 정기 현금 배당금 증가를 기록한 것입니다. 배당금은 2024년 12월 31일에 지급되며, 2024년 12월 5일 기준 주주에게 지급됩니다. 회사가 2025년 6월 30일 마감되는 회계 연도에 대한 예상 연간 배당액은 주당 $3.75로, 2024 회계연도의 $3.55에서 증가한 것입니다. 주주들은 연례 회의에서 세 명의 현직 이사를 재선출했습니다. 랜캐스터 콜로니는 62년 연속 정기 현금 배당금을 증가시킨 12개의 미국 기업 중 하나로, 1963년 9월 이후 246회의 연속 분기 배당금을 지급해왔습니다.
Lancaster Colony (Nasdaq: LANC) a annoncé une augmentation de son dividende en espèces trimestriel à 95 cents par action ordinaire, marquant 62 années consécutives d'augmentations des dividendes en espèces réguliers. Le dividende sera payable le 31 décembre 2024 aux actionnaires à la date d'enregistrement du 5 décembre 2024. Le versement annuel indiqué par l'entreprise pour l'exercice se terminant le 30 juin 2025 sera de 3,75 $ par action, en hausse par rapport à 3,55 $ pour l'exercice 2024. Les actionnaires ont réélu trois administrateurs en fonction lors de l'assemblée générale. Lancaster Colony est l'une des seules 12 entreprises américaines ayant augmenté régulièrement ses dividendes en espèces pendant 62 années consécutives, ayant versé 246 dividendes trimestriels consécutifs depuis septembre 1963.
Lancaster Colony (Nasdaq: LANC) kündigte eine Erhöhung der vierteljährlichen Barausschüttung auf 95 Cent pro Stammaktie an, was 62 aufeinanderfolgende Jahre von Erhöhungen der regulären Barausschüttungen markiert. Die Dividende wird am 31. Dezember 2024 an die Aktionäre ausgezahlt, die am 5. Dezember 2024 im Register stehen. Die angegebene jährliche Ausschüttung des Unternehmens für das am 30. Juni 2025 endende Geschäftsjahr wird 3,75 $ pro Aktie betragen, ein Anstieg von 3,55 $ im Geschäftsjahr 2024. Die Aktionäre wählten drei amtierende Direktoren bei der Hauptversammlung wieder. Lancaster Colony gehört zu nur 12 US-Unternehmen mit 62 aufeinanderfolgenden Jahren von regulären Barausschüttungssteigerungen und hat seit September 1963 246 aufeinanderfolgende vierteljährliche Dividenden ausgezahlt.
- Quarterly dividend increased to $0.95 per share
- Annual dividend payout increased by 5.6% to $3.75 per share for FY2025
- 62-year track record of consecutive dividend increases
- Strong financial position maintained
- None.
Voting at the annual meeting, shareholders reelected three incumbent directors. They are Zena Srivatsa Arnold, Chief Marketing Officer of Sephora; Michael H. Keown, adviser to several high-growth companies in the natural food industry; and George F. Knight III, retired Executive Vice President and Chief Financial Officer of Hexion, Inc.
CEO David A. Ciesinski said, “The increased regular cash dividend reflects the company’s continued strong financial position and will be the 246th consecutive quarterly cash dividend paid by the company since September 1963.” He noted that the indicated annual payout for the current fiscal year ending June 30, 2025 is
Forward-Looking Statements
We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). This news release contains various “forward-looking statements” within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words “anticipate,” “estimate,” “project,” “believe,” “intend,” “plan,” “expect,” “hope,” “indicated” or similar words. These statements discuss future expectations; contain projections regarding future developments, operations or financial conditions; or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments; and other factors we believe to be appropriate. These forward-looking statements involve various important risks, uncertainties and other factors, many of which are beyond our control, which could cause our actual results to differ materially from those expressed in the forward-looking statements.
Some of the key factors that could cause actual results to differ materially from those expressed in the forward-looking statements include:
- changes in our cash flow or use of cash in various business activities; and
- 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).
Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update such forward-looking statements, except as required by law. Management believes these forward-looking statements to be reasonable; however, you should not place undue reliance on statements that are based on current expectations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106838306/en/
Dale N. Ganobsik
Vice President, Corporate Finance and Investor Relations
Lancaster Colony Corporation
Phone: 614/224-7141
Email: ir@lancastercolony.com
Source: Lancaster Colony Corporation
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