Valmont Board Declares Quarterly Dividend

Rhea-AI Summary

Valmont Industries (NYSE: VMI) has declared a quarterly dividend of $0.45 per share, payable on January 15, 2021, to shareholders of record by December 24, 2020. This decision indicates an annual dividend rate of $1.80 per share. Valmont is a global leader in engineered products for infrastructure development and agricultural productivity, providing solutions for various sectors including transportation, wireless communication, and industrial construction.

Positive

• Quarterly dividend of $0.45 per share enhances shareholder income.
• Annual dividend rate of $1.80 signals company confidence.

Negative

• None.

OMAHA, Neb.--(BUSINESS WIRE)--Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that its Board of Directors has declared a quarterly dividend of $0.45 cents per share payable on January 15, 2021 to shareholders of record on December 24, 2020. The dividend indicates an annual rate of $1.80 per share.

About Valmont Industries, Inc.
Valmont is a global leader, designing and manufacturing engineered products and services that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.