dividend
confidence high
sentiment positive
materiality 0.60
Lancaster Colony raises quarterly dividend to $0.80, 59th straight increase
MARZETTI CO
- Quarterly dividend increased to $0.80 per share from $0.7375 implied ($3.15 annual vs $2.95).
- Dividend payable Dec 31, 2021 to holders of record Dec 6, 2021; 27.5M shares outstanding.
- Indicated annual payout of $3.15 per share for fiscal 2022, up 6.8% from $2.95 in fiscal 2021.
- Shareholders reelected directors Neeli Bendapudi, William H. Carter, and Michael H. Keown.
- CEO cited continued strong financial position; company marks 59 consecutive years of dividend increases.