Breaking News

Tweet TWEET

Lancaster Colony Continues Higher Cash Dividend

               Lancaster Colony Continues Higher Cash Dividend  PR Newswire  COLUMBUS, Ohio, May 28, 2014  COLUMBUS, Ohio, May 28, 2014 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 44 cents per share on the company's common stock, payable June 30, 2014 to shareholders of record on June 9, 2014.  The board voted to continue the cash dividend at the higher level set six months ago. The company is one of only 16 U.S. companies to have increased regular cash dividends each year for 51 consecutive years.  John B. Gerlach, Jr., chairman and chief executive officer of Lancaster Colony, said, "The dividend reflects the company's continued strong financial position and will be the 204^th consecutive quarterly cash dividend paid by the company since September 1963." He noted that the annual payout for the current fiscal year ending June 30, 2014 will be $1.72 per share, up from the $1.52 per share paid in fiscal 2013, excluding the $5 per share special dividend paid in December 2012.  Common shares currently outstanding total approximately 27,338,000.  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" 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:    othe potential for loss of larger programs or key customer relationships;   othe extent to which future business acquisitions are completed and     acceptably     integrated;   ochanges in financial markets;   oaccess to any required financing;   othe effect of consolidation of customers within key market channels;   othe success and cost of new product development efforts;   ochanges in demand for our products, which may result from loss of brand     reputation or customer goodwill;   othe possible occurrence of product recalls or other defective or     mislabeled product costs;   oprice and product competition;   ofluctuations in the cost and availability of raw materials;   oadverse changes in energy costs and other factors that may affect costs of     producing, distributing or transporting our products;   ostability of labor relations;   odependence on contract copackers and limited or exclusive sources for     certain goods;   ochanges in estimates in critical accounting judgments;   othe outcome of any litigation or arbitration; and   orisks 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.  SOURCE Lancaster Colony Corporation  Website: http://www.lancastercolony.com Contact: John L. Boylan, Vice President, Treasurer and CFO, or Dale N. Ganobsik, Director of Investor Relations, Lancaster Colony Corporation, Phone: 614/224?7141, Email: ir@lancastercolony.com  
Press spacebar to pause and continue. Press esc to stop.