By Matt Walker
Lancaster Colony raised its quarterly dividend 5.5%, reflecting its strong financial position.
The board of directors increased the dividend 5 cents to 95 cents a share.
The new payout, equal to $3.80 a year, represents an annual yield of 2% based on Tuesday's closing price of $191.35.
The dividend will be payable Dec. 31 to shareholders of record on Dec. 5, the food company said Wednesday.
The increase marks 62 consecutive years of Lancaster Colony raising its cash dividend.
Write to Matt Walker at matthew.walker@dowjones.com
(END) Dow Jones Newswires
November 06, 2024 15:51 ET (20:51 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.