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Lancaster Colony (Lancaster Colony) 3-Year Dividend Growth Rate : 6.80% (As of Dec. 2023)


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What is Lancaster Colony 3-Year Dividend Growth Rate?

Lancaster Colony's Dividends per Share for the three months ended in Dec. 2023 was $0.90.

The historical rank and industry rank for Lancaster Colony's 3-Year Dividend Growth Rate or its related term are showing as below:

LANC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 3.3   Med: 8.8   Max: 20.9
Current: 6.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lancaster Colony was 20.90% per year. The lowest was 3.30% per year. And the median was 8.80% per year.

LANC's 3-Year Dividend Growth Rate is ranked worse than
55.08% of 659 companies
in the Consumer Packaged Goods industry
Industry Median: 7.7 vs LANC: 6.80

During the past 12 months, Lancaster Colony's average Dividends Per Share Growth Rate was 6.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Lancaster Colony's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.48. As of today, Lancaster Colony's Dividend Yield % is 1.86%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Lancaster Colony's 3-Year Dividend Growth Rate

For the Packaged Foods subindustry, Lancaster Colony's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lancaster Colony's 3-Year Dividend Growth Rate Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lancaster Colony's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Lancaster Colony's 3-Year Dividend Growth Rate falls into.



Lancaster Colony 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Lancaster Colony  (NAS:LANC) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Lancaster Colony's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.9/ 1.87
=0.48

During the past 13 years, the highest Dividend Payout Ratio of Lancaster Colony was 0.76. The lowest was 0.44. And the median was 0.51.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Lancaster Colony Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.9002024-03-062024-03-072024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.9002023-12-012023-12-042023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.8502023-09-072023-09-082023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.8502023-06-082023-06-092023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Lancaster Colony's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=3.5/187.98
=1.86 %

Current Share Price is $187.98.
Lancaster Colony's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.5.

During the past 13 years, the highest Dividend Yield of Lancaster Colony was 2.59%. The lowest was 1.29%. And the median was 1.75%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lancaster Colony 3-Year Dividend Growth Rate Related Terms>


Lancaster Colony (Lancaster Colony) Business Description

Traded in Other Exchanges
Address
380 Polaris Parkway, Suite 400, Westerville, OH, USA, 43082
Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. By product segment, the company divides its portfolio into non frozen (roughly 70% of net sales) and frozen food. The key products and brands are salad dressing and sauces (Cardini's, Girard's, Marzetti), frozen garlic breads (New York Brand Bakery, Mamma Bella), vegetable dips and fruit dips (Marzetti), frozen parkerhouse-style yeast rolls and dinner rolls (Sister Schubert's, Mary B's), premium dry egg noodles (Amish Kitchen), frozen speciality noodles (Reames, Aunt Vi's), croutons and salad toppings, flatbread wraps, and pizza crusts.
Executives
Knight George F. Iii director 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Zena Srivatsa Arnold director 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Luis Viso officer: Chief Supply Chain Officer 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Kristin Bird officer: President-Foodservice Division 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Carl R. Stealey officer: President-T Marzetti Retail 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
David Alan Ciesinski officer: President & COO H. J. HEINZ COMPANY, P.O. BOX 57, PITTSBURGH PA 15230
David S. Nagle officer: SVP-T Marzetti Co Supply Chain 380 POLARIS PARKWAY, WESTERVILLE OH 43082
K. Pigott Thomas officer: CFO and Asst. Secretary C/O MGP INGREDIENTS, INC., 100 COMMERCIAL STREET, ATCHISON KS 66002
Alan F Harris director
Elliot K. Fullen director 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Gerlach John B Jr director, officer: Chairman & CEO LANCASTER COLONY CORP, 37 W. BROAD ST., COLUMBUS OH 43215
Barbara L Brasier director C/O MEADWESTVACO CORP, ONE HIGH RIDGE PARK, STAMFORD CT 06905
Michael H Keown director P O BOX 77057, FORT WORTH TX 76177
Timothy A. Tate officer: SVP-TMarzettiFoodservice Sales 380 POLARIS PARKWAY, WESTERVILLE OH 43082
Neeli Bendapudi director FISHER COLLEGE OF BUSINESS, 556 FISHER H, 2100 NEIL AVENUE, COLUMBUS OH 43210

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