Lindsay Corporation Increases Cash Dividend
July 19 2017 - 6:45AM
Business Wire
Lindsay Corporation (NYSE: LNN), a leading provider of
irrigation systems and infrastructure products, announced today
that its Board of Directors has declared a regular quarterly cash
dividend of $0.30 per share, payable August 31, 2017, to
shareholders of record on August 17, 2017. This quarterly cash
dividend rate represents a 3.4% increase in the previous quarterly
indicated rate of $0.29 per share. The new annual indicated rate is
$1.20 per share, up from the previous annual indicated rate of
$1.16 per share.
About the Company
Lindsay manufactures and markets irrigation equipment primarily
used in agricultural markets which increase or stabilize crop
production while conserving water, energy, and labor. The Company
also manufactures and markets infrastructure and road safety
products under the Lindsay Transportation Solutions trade name. At
May 31, 2017 Lindsay had approximately 10.7 million shares
outstanding, which are traded on the New York Stock Exchange under
the symbol LNN.
For more information regarding Lindsay Corporation, see the
Company’s Web site at 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170719005212/en/
Lindsay CorporationBrian Ketcham, 402-827-6579Vice
President & Chief Financial OfficerorHalliburton Investor
RelationsHala Elsherbini or Geralyn DeBusk, 972-458-8000
Lindsay (NYSE:LNN)
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