Lancaster Colony (LANC) Declares $0.33 Quarterly Dividend; 2.6% Yield; Authorizes Additional 2M Common Buyback; Re-elects Two Directors

Lancaster Colony Corporation (Nasdaq: LANC) declares a quarterly dividend of $0.33 per common share, $1.32 annualized. The dividend is payable December 31, 2010 to shareholders of record on December 10, 2010. The ex-dividend date is December 8, 2010. Yield on the dividend is 2.6%. The board also authorized the repurchase of an additional two million shares of the company's common stock as part of an ongoing stock repurchase program. Voting at the annual meeting, shareholders reelected two incumbent directors. They are Alan F. Harris, retired executive vice president and chief marketing and customer officer of Kellogg Company, and Zuheir Sofia, chairman, president and CEO of Business Bank of Florida and chairman of Sofia & Company, Inc.... Read more

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