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LANCASTER COLONY DECLARES CASH DIVIDEND; SETS 3-FOR-2 STOCK SPLIT

 LANCASTER COLONY DECLARES CASH DIVIDEND; SETS 3-FOR-2 STOCK SPLIT
 COLUMBUS, Ohio, Feb. 27 /PRNewswire/ -- The board of directors of Lancaster Colony Corporation (NASDAQ: LANC) today declared a quarterly cash dividend of 22 cents per share payable March 31, 1992, to shareholders of record on March 10, 1992, to be followed in April by a 3-for-2 split of the company's common stock payable in the form of a 50 percent stock dividend.
 John B. Gerlach, president of Lancaster Colony, said, "The cash dividend will be our 115th consecutive quarterly dividend and this board action continues the higher rate set three months ago."
 He noted that Lancaster Colony has increased the cash dividend each year for 29 years. The indicated annual cash payout for the current fiscal year is 86 cents per share, up from 79 cents per share in the previous fiscal year ended June 30, 1991.
 Gerlach said, "The stock split reflects our continuing confidence in the company's future, as we expect to sustain our strong earnings trend. Also, this move is intended to increase the number of Lancaster Colony shares available for trading."
 To effect the stock split, one additional share will be distributed April 30, 1992, for each two shares held of record on April 2, 1992. Cash will be paid in lieu of fractional shares.
 Common shares currently outstanding are 11,390,862.
 -0- 2/27/92
 /CONTACT: John B. Gerlach, president of Lancaster Colony Corporation, 614-224-7141; or Investor Relations Consultants, 813-796-1452, for Lancaster Colony Corporation/
 (LANC) CO: Lancaster Colony Corporation ST: Ohio IN: SU: DIV


AW-SS -- FL004 -- 3184 02/27/92 10:45 EST
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Publication:PR Newswire
Date:Feb 27, 1992
Words:268
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