Lindsay Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Lindsay (LNN) declares a regular quarterly cash dividend of $0.35 per share, payable on May 31, 2024, to shareholders of record on May 17, 2024. With approximately 11.0 million shares outstanding, Lindsay continues to focus on rewarding its shareholders.

OMAHA, Neb.--(BUSINESS WIRE)-- 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 $0.35 per share, payable May 31, 2024, to shareholders of record at the close of business on May 17, 2024.

As of April 2, 2024, Lindsay Corporation had approximately 11.0 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, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, 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 http://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/20240405326288/en/

For further information, contact:

LINDSAY CORPORATION:

Alicia Pfeifer

Vice President Investor Relations & Treasury

402-933-6429

Alicia.Pfeifer@lindsay.com

Alpha IR:

Joe Caminiti or Stephen Poe

312-445-2870

LNN@alpha-ir.com

 

Source: Lindsay Corporation

FAQ

What is the dividend amount declared by Lindsay (LNN)?

Lindsay (LNN) declared a regular quarterly cash dividend of $0.35 per share.

When will the dividend be payable to shareholders of Lindsay (LNN)?

The dividend will be payable on May 31, 2024, to shareholders of record on May 17, 2024.

How many shares are outstanding for Lindsay (LNN)?

As of April 2, 2024, Lindsay (LNN) had approximately 11.0 million shares outstanding.

On which stock exchange is Lindsay (LNN) traded?

Lindsay (LNN) shares are traded on the New York Stock Exchange.