Lindsay Corporation Announces Quarterly Dividend

Rhea-AI Summary

Lindsay Corporation (NYSE: LNN) has declared a quarterly cash dividend of $0.33 per share, payable on August 31, 2021, to shareholders on record as of August 17, 2021. With approximately 10.9 million shares outstanding, Lindsay continues to prioritize return on investment for its shareholders. Established in 1955, the company specializes in irrigation and infrastructure solutions, catering to the global demand for food and transportation. Their brands include Zimmatic® irrigation systems and Lindsay Transportation Solutions.

Positive

• Quarterly cash dividend of $0.33 per share enhances shareholder returns.
• Company remains committed to innovation in irrigation and infrastructure markets.

Negative

• None.

Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.33 per share, payable August 31, 2021, to shareholders of record at the close of business on August 17, 2021.

At June 28, 2021, Lindsay Corporation had approximately 10.9 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN.

About the Company

Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic^® center pivot and lateral move agricultural irrigation systems and FieldNET^® remote irrigation management and scheduling technology, as well as irrigation consulting and design and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Barrier Systems^®, Road Zipper^® and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.com.

Concerning Forward-Looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the Company and those statements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” "expect," "outlook," "could," "may," "should," “will,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking information contained in this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210701005138/en/

FAQ

What is the dividend amount declared by Lindsay Corporation?

Lindsay Corporation declared a dividend amount of $0.33 per share.

When is the dividend payable for Lindsay Corporation?

The dividend is payable on August 31, 2021.

When is the record date for Lindsay Corporation's dividend?

The record date for the dividend is August 17, 2021.

How many shares are outstanding for Lindsay Corporation?

Lindsay Corporation has approximately 10.9 million shares outstanding.