15 Low Profile Dividend Champions to Buy

9. Lancaster Colony Corporation (NASDAQ:LANC)

Number of Hedge Fund Holders: 22

Lancaster Colony Corporation (NASDAQ:LANC) is an American company that specializes in the manufacture and sale of specialty food products. The Ohio-based company has driven its growth by prioritizing innovation and technology. The company has successfully expanded its footprint in the frozen foods and condiments market, keeping pace with evolving consumer preferences for healthier and more sustainable options. Over the past three years, it has invested more than $250 million in automation and advanced manufacturing, leading to greater efficiency and cost savings. These strategic moves have not only strengthened its competitive edge and profitability but also laid the groundwork for sustained progress in a challenging market.

In the second quarter of fiscal 2025, Lancaster Colony Corporation (NASDAQ:LANC) posted revenue of $509.3 million, reflecting a 4.8% year-over-year increase. Retail net sales grew by 6.3% to $280.8 million, while Foodservice net sales rose by 3.0% to $228.5 million. Consolidated gross profit improved by $11.3 million, up 9.3%, reaching a record $132.8 million for the second quarter.

As of the end of December 2024, Lancaster Colony Corporation (NASDAQ:LANC)’s cash and cash equivalents stood at over $203 million, up from $163.4 million six months earlier. The company also continued its strong dividend track record, paying a quarterly dividend of $0.95 per share following a 5.6% increase in November 2024, marking its 62nd straight year of dividend growth, which makes it one of the best Dividend Champions to monitor. The stock supports a dividend yield of 2.02%, as of April 17.