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LANCASTER COLONY DECLARES CASH DIVIDEND

 LANCASTER COLONY DECLARES CASH DIVIDEND
 COLUMBUS, Ohio, May 28 /PRNewswire/ -- The board of directors of


Lancaster Colony Corporation (NASDAQ: LANC) today declared a quarterly cash dividend of 15 cents per share payable June 30, 1992, to shareholders of record on June 10, 1992.
 John B. Gerlach, president of Lancaster Colony, said, "This board action maintains our payout slightly above the previous dividend level after adjusting for the 3-for-2 stock dividend distributed in April."
 He noted that Lancaster Colony has increased the cash dividend each year for 29 years, but that the increases are usually voted in November and paid in January. The previous increase was effective with the dividend paid on Jan. 3, 1992. Gerlach suggested that the board will again review the dividend amount in November.
 He pointed out that the June payment will be the company's 116th consecutive quarterly dividend paid since September 1963. It brings the annual cash payout for the current fiscal year to 57.7 cents per share, adjusted for the stock dividend, up from an adjusted 52.7 cents per share in the previous fiscal year ended June 30, 1991.
 Common shares currently outstanding are 17,088,936.
 -0- 5/28/92
 /CONTACT: John B. Gerlach, president, 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


JB-AW -- FL005 -- 4641 05/28/92 10:26 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:235
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