Lancaster Colony increases dividend for 52nd consecutive year

Lancaster Colony will raise its quarterly dividend by 4,5%.

The quarterly dividend will be increased from $0,44 to $0,46 per share, marking the 52nd consecutive year of dividend increases for Dividend Aristocrat Lancaster Colony. The dividend will be payable December 31, 2014 to shareholders of record on December 8, 2014.

John B. Gerlach, Jr., chairman and chief executive officer of Lancaster Colony, said, "The increased regular cash dividend reflects the company's continued strong financial position and will be the 206th consecutive quarterly cash dividend paid by the company since September 1963."

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States.

At the current stock price of $92 the indicated dividend yield for Lancaster Colony is 2%.

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