Lancaster Colony Corporation announced today that its Board of Directors has declared a cash dividend of 28.5 cents per share on the company's common stock, marking 46 consecutive years of increasing regular cash dividends.
Investors occasionally use a stock trading technique called 'Buying Dividends,' which is the technique of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets.
If you are interested in buying dividends, there are many stocks in many different industries to choose from. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after...
The phrase "flight to quality" is familiar in many contexts. In times of crises, many investors favor U.S. Treasuries, even though other kinds of fixed income might offer prospects for much greater return. When equity investors are nervous and when they aren't hiding under their beds (as many seem to be doing now), many run into shares of companies perceived to be safer. Many associate safety with large size and recognizable names. A better way to approach this is to emphasize quality-oriented fundamentals like strong finances, good returns on capital, and so forth.
In an amended 13D filing, large Lancaster Colony Corporation (Nasdaq: LANC)
shareholder, Barington Capital, disclosed a letter notifying the
company of its intention to nominate three persons for election to the
Board of Directors of the Company at the Company?s 2007 Annual Meeting
of Shareholders, which is scheduled to be held on Monday, November 19,
2007.
Barington said it, "has been disappointed
with the performance of the Board and lacks confidence in the ability
of the current directors, a majority of whom have been in office for 16
years or more, to improve shareholder value for...
Lon Juricic submits: In an amended 13D filing Tuesday on Lancaster Colony Corp. (LANC), large holder Barington Capital said they delivered a letter to the Company demanding copies of certain books, records of account and minutes of proceedings of the Company.
These would enable Barington to ascertain the value of its interest in the Company and to secure information as to the details of the Company's business and the status of its affairs and to investigate whether there are any deficiencies or improprieties in the management and operations...
Lon Juricic submits: In an amended 13D filing on Lancaster Colony Corp. (LANC), large shareholder Barington discloses a letter to the Board of Directors criticizing the Company's Chairman/CEO/President John B. Gerlach.
In the letter, Barington said Gerlach has failed to implement any of their recommended changes and continues to run the company as if it was a privately-owned family business, versus a publicly-traded corporation. Barington also criticizes the takeover defenses.
The firm calls on the board to make meaningful improvements to their corporate governance and return the company to historical levels...
Lancaster Colony Corporation (Nasdaq: LANC) has been notified by US Customs and Border Protection that the Company will receive approximately $8.7 million this year in distributions made under the ...
Columbus, Ohio -- Lancaster Colony Commercial Products has appointed three individuals to key sales management positions to implement the organization's aggressive growth strategy. According to ...
Lancaster Colony Corp. directors have approved increasing the company?s fourth-quarter cash dividend by about 2 percent, marking the 46th consecutive year of raising the payout. The Columbus ...
In addition the company said that, at the annual shareholder meeting held on 17 November, shareholders re-elected three incumbent directors, Robert L. Fox, John B. Gerlach Jr and Edward H ...
By Dividend.com Staff Lancaster Colony (LANC) has raised its annual dividend payout from $1.12 to $1.14. The new dividend yield based on today?s closing stock price of $29.38 is 3.88%. LANC is not ...
--(www.USEquityNews.com)-- 11/17/2008 - Consumer Goods industry alert provided by US Equity News. Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has ...
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. Registered Office: Standon House, 21 Mansell Street ...
Lancaster Colony Corp. reported higher sales but lower income from continuing operations for its first fiscal quarter ended Sept. 30, 2008: Net sales reached $264 million, up 8 percent from first ...
(RTTNews) - Wednesday, Lancaster Colony Corp. (LANC: News ), a manufacturer and marketer of consumer products, reported a decline in first- quarter earnings hurt by higher commodity and raw ...
You don't have to look too far for news that will make you depressed about the economy. But are we in such dire straits that we are looking at another Great Depression?
A record 130 million voters are predicted to head to the polls Tuesday. The bad news: 65 million, roughly 50% of all voters, will be miffed, mad at, angry with, even hate the new president … no matter who wins! Half against Obama, half against McCain. Either way, half of America will be angry, for at least four years.
When cycling icon Lance Armstrong was winning the Tour de France year after year, the sport received splashy headlines in the United States. But with Armstrong and his star power in retirement and doping concerns hitting the sport, it's unclear whether the grueling race can continue to captivate American television audiences.
TEL AVIV (MarketWatch) -- Harris Corp., the Melbourne, Fla., information- and defense-technology provider, said it's not pursuing a merger or sale. The company said "in response to recent market rumors and media reports" that "from time to time it is approached by other companies with expressions of interest in various types of transactions, including a potential sale of the company." In May, The Wall Street Journal had reported that the company was exploring strategic alternatives. On Monday, the Journal reported that Chairman and Chief Executive Howard Lance told the paper that Harris would remain independent. The company received bids...
At age 49, small-business owner Jacqueline Church Simonds doesn’t want to gamble by going without health insurance but she considers the price she pays for that peace of mind exorbitant.
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Noreen Perotta, deputy editor for Consumer Reports Money Adviser newsletter, says that holiday shoppers planning to finish their holiday obligations by purchasing gift cards should not rush into those purchases without knowing the rules of the cards they are buying. In a radio interview, Perotta noted that gift cards sometimes carry hidden fees, that they may not be useable in every expected situation, such as on the seller's Web site or at kiosk stores, and more. She urged consumers who have special circumstances with their purchase to make sure a gift card will actually fill their needs. Also, Lance Helfert,...
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are likely to see active trading Thursday are Bear Stearns, Research In Motion, Micron, and FedEx.
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