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LANCASTER COLONY DECLARES CASH DIVIDEND

 COLUMBUS, Ohio, May 27 /PR Newswire/ -- The board of directors of Lancaster Colony Corporation (NASDAQ: LANC) today declared a quarterly cash dividend of 13 cents per share payable June 30, 1993, to shareholders of record on June 10, 1993.
 John B. Gerlach, president of Lancaster Colony, said, "This board action maintains our payout slightly above the previous dividend level after adjusting for the 4-for-3 stock dividend distributed in April." He noted that Lancaster Colony has increased the cash dividend each year for 30 years.
 He pointed out that the June payment will be the company's 120th consecutive quarterly dividend paid since September 1963. It brings the annual cash payout for the current fiscal year to 49.75 cents per share, adjusted for the stock dividend, up from an adjusted 43.25 cents per share in the previous fiscal year ended June 30, 1992.
 Common shares currently outstanding are 22,734,479.
 -0- 5/27/93
 /CONTACT: John B. Gerlach, president of Lancaster Colony Corporation, 614-224-7141; or Investor Relations Consultants, Inc., Clearwater and Columbus, 813-796-1452/
 (LANC)


CO: Lancaster Colony Corporation ST: Ohio IN: SU: DIV

JB -- FL005 -- 2852 05/27/93 10:37 EDT
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Publication:PR Newswire
Date:May 27, 1993
Words:193
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