Lancaster Colony Increases Regular Cash Dividend From $0.85 To $0.90 Per Share
Portfolio Pulse from Benzinga Newsdesk
Lancaster Colony Corporation (NASDAQ:LANC) has declared a quarterly cash dividend of 90 cents per common share, marking 61 consecutive years of increasing regular cash dividends. The dividend will be payable on December 29, 2023 to shareholders of record on December 4, 2023. The indicated annual payout for the current fiscal year ending June 30, 2024 is $3.55 per share, up from the $3.35 per share paid in fiscal 2023.
November 08, 2023 | 10:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lancaster Colony Corporation has increased its regular cash dividend, marking 61 consecutive years of dividend increases. This reflects the company's strong financial position and could potentially attract income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating a company's strong financial health and its ability to generate consistent profits. This could potentially attract more investors, particularly those focused on income, which could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100