Stock News in Focus: Lancaster Colony Corporation (NASDAQ:LANC)

Lancaster Colony Corporation (NASDAQ:LANC) stock identified change of 9.64% away from 52-week low price and recently located move of -20.47% off 52-week high price. It has market worth of $4209.76M and dividend yield of 1.68%. LANC stock has been recorded 2.72% away from 50 day moving average and -3.01% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.95% off 20-day moving average.

On Aug.21, 2019, Lancaster Colony Corporation (NASDAQ:LANC) released that its Board of Directors has declared a quarterly cash dividend of 65 cents per common share, payable September 30, 2019 to shareholders of record on September 9, 2019.

The quarterly cash dividend amount of 65 cents per share maintains the higher level set nine months ago, which marked the company’s 56th consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 56 straight years of regular cash dividend increases.

CEO David A. Ciesinski said,The dividend reflects the company’s continued strong financial position and will be the 225th consecutive quarterly cash dividend paid by the company since September 1963.

The company also announced that its board of directors has set the annual meeting of shareholders for 1:00 p.m. ET, Wednesday, November 13, 2019 in the Lilac meeting room at The Hilton Columbus at Easton, 3900 Chagrin Drive, Columbus, Ohio 43219. The record date for shareholders entitled to vote at the meeting is Monday, September 16, 2019.

Common shares currently outstanding are approximately 27,492,000.

The Consumer Goods sector company, Lancaster Colony Corporation noticed change of 0.10% to $154.6 along volume of 90396 shares in recent session compared to an average volume of 98.27K. The stock observed return of 2.05% in 5 days trading activity. The stock was at 2.36% over one month performance. LANC’s shares are at 4.33% for the quarter and driving a 3.81% return over the course of the past year and is now at -12.59% since this point in 2018.

The average volatility for the week at 2.04% and for month was at 2.27%. There are 27.23M shares outstanding and 19.11M shares are floated in market. Right now the stock beta is 0.29.

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