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LANCASTER COLONY DECLARES CASH DIVIDEND; SETS 4-FOR-3 STOCK SPLIT

 COLUMBUS, Ohio, Feb. 25 /PRNewswire/-- The board of directors of Lancaster Colony Corporation (NASDAQ: LANC) today declared a quarterly cash dividend of 17 cents per share payable March 31, 1993, to shareholders of record on March 10, 1993, to be followed in April by a 4-for-3 split of the company's common stock payable in the form of a 33.3-percent stock dividend.
 John B. Gerlach, president of Lancaster Colony, said, "The cash dividend will be our 119th 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 30 years. The indicated annual cash payout for the current fiscal year is 66 cents per share, up 14 percent from 57.7 cents per share in the previous fiscal year ended June 30, 1992.
 Gerlach said, "The stock split reflects our continuing confidence in the company's future. At the same time, this move will increase the number of Lancaster Colony shares available for trading."
 To effect the stock split, one additional share will be distributed April 15, 1993, for every three shares held of record on March 15, 1993. Cash will be paid in lieu of fractional shares.
 Common shares currently outstanding are approximately 17,100,000 which will increase to approximately 22,800,000 effective with the stock split.
 -0- 2/25/93
 /CONTACT: John B. Gerlach, president of Lancaster Colony Corporation, 614-224-7141; or Investor Relations Consultants, Inc., Clearwater and Columbus, 813-796-1452, for Lancaster Colony Corporation/
 (LANC)


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

AW -- FL005 -- 0321 02/25/93 10:48 EST
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Publication:PR Newswire
Date:Feb 25, 1993
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