Today, Lancaster Colony (LANC) announced the company's December quarterly dividend is increasing 1.8% to 28.5 cents per share. This is a half cent increase over the 28 cent quarterly dividend paid in the same quarter last year. The estimated payout ratio equals 56% based on June 2009 estimated earnings of $2.03. The 5-year average payout ratio is approximately 50%. and the company has an S&P Earnings & Dividend Quality Ranking of B.
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