Lancaster Colony declares $5 special dividend, boosts regular dividend Lancaster Colony said its board approved a special cash dividend of $5.00 per common share. The special dividend and the quarterly dividend of 38c per share, an increase from the company's previously quarterly dividend of 36c, will be paid December 28, to shareholders of record on December 10.
News For LANC From The Last 14 Days
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Lancaster Colony: 2015 influenced by consumer sentiment in slow-growth economy The company also cites continuing investment in and success with new products, higher-trending freight costs and the completion of dressing capacity expansion project that should provide efficiency gains. The company anticipates investment in new product support to remain significantly above the prior-year levels in the first half of the fiscal year. Commodity costs are expected to be modestly favorable in the first half of the fiscal year with lower pricing in the foodservice channel serving as a partial offset.