Lindsay Corporation Increases Quarterly Cash Dividend
Lindsay (NYSE: LNN) has announced an increase in its regular quarterly cash dividend to $0.36 per share, up from the previous rate of $0.35. The new annual dividend rate is now $1.44 per share, compared to $1.40 previously. The dividend is payable on August 30, 2024, to shareholders of record as of August 16, 2024. The company has approximately 10.9 million shares outstanding as of June 25, 2024.
- The quarterly cash dividend increased by 3%, indicating a rise from $0.35 to $0.36 per share.
- The annual dividend rate has risen from $1.40 to $1.44 per share, reflecting company confidence and potential shareholder income.
- None.
As of June 25, 2024, 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, 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/20240628434982/en/
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
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