Lancaster ColonyNASDAQ: LANC

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) stated today that its Board of Directors has approved a quarterly cash dividend of 90 cents per common share, to be paid on June 28, 2024 to shareholders of record on June 7, 2024. This dividend amount remains at the increased level set six months ago, continuing the company's streak of raising regular cash dividends for 61 consecutive years. Lancaster Colony is among just 13 U.S. companies with this impressive track record.

Lancaster Colony (LANC) reported quarterly earnings of $1.44 per share, exceeding the Zacks Consensus Estimate of $1.42 per share. This is an improvement from earnings of $0.89 per share in the same quarter last year.

It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. The Progressive (PGR), Strategic Education (STRA), Lancaster (LANC) & Sprouts Farmers (SFM) are well-poised to gain.

Here is how Lancaster Colony (LANC) and Colgate-Palmolive (CL) have performed compared to their sector so far this year.

Here is how Lancaster Colony (LANC) and Nomad Foods (NOMD) have performed compared to their sector so far this year.

Lancaster Colony Corporation is a specialty food products manufacturer and marketer with a strong presence in major restaurant chains. The company is focused on increasing its influence in the retail market and expanding its operations. LANC's financial strength and stable dividend make it a secure investment, but its margins and expansion plans need to be closely monitored.

Stocks like Post Holdings (POST), Lancaster Colony (LANC), Lamb Weston (LW), Tyson Foods (TSN) and The Simply Good Foods Company (SMPL) are likely to benefit from the jump in online grocery sales.

Lancaster Colony (LANC) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.45 per share a year ago.

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its first quarter fiscal year 2024 financial results prior to the opening of the market on Thursday, November 2, 2023. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results. The conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click o.