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LANCASTER COLONY CONTINUES HIGHER CASH DIVIDEND; BOARD OF DIRECTORS SETS ANNUAL MEETING DATE AND TIME
WESTERVILLE, Ohio, Aug. 17, 2022 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a
About this update from The Marzetti Company
[{"type":"text","content":"WESTERVILLE, Ohio, Aug. 17, 2022 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 80 cents per common share, payable September 30, 2022 to shareholders of record on September 9, 2022.\nThe quarterly cash dividend amount of 80 cents per share maintains the higher level set nine months ago, which marked the company's 59th consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 59 straight years of regular cash dividend increases.\nCEO David A. Ciesinski said, \"The dividend reflects the company's continued strong financial position and will be the 237th consecutive quarterly cash dividend paid by the company since September 1963.\"\nThe company also announced that its Board of Directors has set the date and time for the annual meeting of shareholders to be 1:00 p.m. ET, Wednesday, November 9, 2022. This year's annual meeting will be a virtual-only format via live webcast and shareholders will be able to participate, vote and submit questions during the virtual meeting. The record date for shareholders entitled to vote at the meeting is Monday, September 12, 2022. Shareholders of record will receive additional details and instructions for meeting participation in the proxy materials that will be made available to them in October. Access to the live webcast of the shareholder meeting will also be available through the company's website, www.lancastercolony.com.\nCommon shares currently outstanding are approximately 27,520,000.\nLancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels.\nForward-Looking Statements\nWe 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 st...