Lancaster Colony:44 Years of Dividend Increases

COLUMBUS, Ohio, Nov. 20 /PRNewswire/ — The Board of Directors of Lancaster Colony Corporation (Nasdaq: LANC) today voted to raise the regular quarterly cash dividend for the 44th consecutive year.  The board declared a quarterly cash dividend of 27 cents per share, up from 26 cents per share paid in each of the previous four quarters.

The cash dividend will bring the indicated annual payout for the current fiscal year ending June 30, 2007 to $1.07 per share, a four percent increase over the $1.03 per share paid in the previous fiscal year excluding the $2.00 per share special dividend paid in December 2005. The dividend is payable on December 29, 2006 to shareholders of record on December 8, 2006.

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