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LANCASTER COLONY INCREASES CASH DIVIDEND FOR THE 31ST CONSECUTIVE YEAR

 COLUMBUS, Ohio, Nov. 15 /PRNewswire/ -- The Board of Directors of Lancaster Colony Corporation (NASDAQ: LANC) voted today to increase the cash dividend for the 31st consecutive year.
 The board declared a quarterly cash dividend of 15 cents per share, up from 13 cents per share paid in the previous two quarters. The dividend is payable Dec. 30, 1993, to shareholders of record on Dec. 10, 1993.
 John B. Gerlach, president of Lancaster Colony, said, "This dividend reflects our continued strong earnings trend and will be the company's 122nd consecutive quarterly cash dividend paid since September 1963. It brings the indicated annual payout for the current fiscal year ending June 30, 1994, to 58 cents per share, up 16.6 percent from the 49.75 cents per share paid last year."
 Common shares outstanding as of Sept. 24, the record date for today's annual shareholder meeting, were 22,664,539.
 Shareholders voting at the annual meeting reelected three incumbent directors: John B. Gerlach Jr., executive vice president of the company; Robert L. Fox, account executive with Advest, Inc.; and Edward H. Jennings, president emeritus and professor of finance at The Ohio State University.
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 /CONTACT: John B. Gerlach, President, Lancaster Colony Corp., 614-224-7141, or Investor Relations Consultants, (Clearwater and Columbus) 813-796-1452/
 (LANC)


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

RK -- FL005 -- 4377 11/15/93 11:43 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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