LANCASTER COLONY CONTINUES HIGHER CASH DIVIDEND
Lancaster Colony Corporation (NASDAQ: LANC) announced a quarterly cash dividend of 85 cents per common share, payable on March 31, 2023, to shareholders of record on March 9, 2023.
Sentiment and the balance of points
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Rhea-AI Summary
Lancaster Colony Corporation (NASDAQ: LANC) announced a quarterly cash dividend of 85 cents per common share, payable on March 31, 2023, to shareholders of record on March 9, 2023. This dividend maintains the level set three months ago, marking the company's 60th consecutive year of increased regular cash dividends. The indicated annual payout for the current fiscal year is $3.35 per share, up from $3.15 in fiscal 2022. CEO David A. Ciesinski highlighted that this will be the 239th consecutive quarterly cash dividend since September 1963.
Positive
- 60 consecutive years of increased regular cash dividends.
- Quarterly cash dividend of 85 cents per share reflects strong financial position.
- Annual payout increased to $3.35 per share from $3.15.
Negative
- None.
Details
News Market Reaction – LANC
The recorded move for LANC in the trading session of this news was +1.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The quarterly cash dividend amount of
CEO
Common shares currently outstanding are approximately 27,546,000.
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 such statements that are based on current expectations.
View original content:https://www.prnewswire.com/news-releases/lancaster-colony-continues-higher-cash-dividend-301753449.html
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