Lancaster Colony maintains dividend at 95 cents per share

WESTERVILLE, Ohio - Lancaster Colony Corporation (NASDAQ:LANC), a manufacturer and marketer of specialty food products with a market capitalization of $4.58 billion, has declared a quarterly cash dividend of 95 cents per common share, to be paid on June 30, 2025, to shareholders of record as of June 6, 2025. According to InvestingPro data, the company maintains a healthy 2.27% dividend yield and demonstrates strong financial health with more cash than debt on its balance sheet. This announcement, made today, upholds the increased dividend amount established six months prior and continues the company’s historical trend of dividend growth.

The current dividend sustains the level set in the latter half of the previous year, marking Lancaster Colony’s 62nd consecutive year of regular cash dividend increases. This achievement places the company among a select group of 12 U.S. companies that have consistently raised their regular cash dividends for over six decades. InvestingPro analysis confirms this impressive track record, highlighting that Lancaster Colony has maintained dividend payments for 55 consecutive years, with a recent dividend growth rate of 5.56%.

CEO David A. Ciesinski commented on the dividend, emphasizing Lancaster Colony’s robust financial health and commitment to shareholder returns. The upcoming dividend will be the 248th consecutive quarterly cash distribution by the company since September 1963. Ciesinski also highlighted that the annual dividend for the fiscal year ending June 30, 2025, amounts to $3.75 per share, an increase from the $3.55 per share distributed in the previous fiscal year.

With approximately 27.53 million common shares outstanding, the dividend announcement reflects the company’s ongoing strategy to deliver value to its shareholders. The company’s strong financial position is evidenced by its robust current ratio of 2.36 and healthy cash flows that adequately cover interest payments. For deeper insights into Lancaster Colony’s financial health and valuation metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.

This press release also includes forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. The company cites factors such as changes in cash flow or cash use in various business activities as potential risks. These statements are based on current expectations and are not guarantees of future performance.

The information in this article is based on a press release statement from Lancaster Colony Corporation.

In other recent news, Lancaster Colony Corporation reported its third-quarter financial results for 2025, which fell short of expectations. The company announced earnings per share (EPS) of $1.49, missing the forecasted $1.58. Revenue also did not meet projections, reaching $457.84 million compared to the anticipated $483.95 million. Despite these misses, Lancaster Colony achieved a record gross profit of $106 million, showcasing operational efficiency. The company remains debt-free, with $124.6 million in cash, positioning it well for future investments. Lancaster Colony’s strategic initiatives include new product launches and acquisitions as part of its growth strategy. Analysts from Stephens and Jefferies have taken note of these recent developments, indicating that the company faces challenges in the current market environment. The company anticipates low single-digit growth in both volume and revenue, with no significant commodity cost inflation expected.

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