Shares of Lancaster Colony Corp. (LANC) gained as much as 5.5% on strong volume Wednesday, a day before the specialty food company's fiscal fourth-quarter results are due, as it also maintained its cash dividend.
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Shares were recently up 5.4% to $45.33, leading the food and beverage sector. Earlier, shares hit an intraday high of $45.35. The stock has risen 22% in the last three months, holding to gains as competitors have been beaten up by the economic downturn and high commodity costs.
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