Raven Industries Announces Cash Dividend
May 21 2020 - 4:30PM
Business Wire
Raven Industries, Inc. (the Company; NASDAQ:RAVN), announced
today that its board of directors has approved a regular quarterly
cash dividend of 13 cents per share. The dividend is payable July
31, 2020, to shareholders of record on July 17, 2020.
“We are evaluating our current practice of paying a quarterly
dividend and whether it is the best use of capital,” said Dan
Rykhus, President and CEO. “We see great opportunity to generate
exceptional long-term growth through increased investment in Raven
Autonomy™, Raven Composites™, and Aerostar. We will continue to
evaluate this as we progress through the year and make the
appropriate capital allocations to drive long-term shareholder
value creation.”
About Raven Industries, Inc.
Raven Industries (NASDAQ: RAVN) is dedicated to providing
innovative, high-value products and solutions that solve great
challenges throughout the world. Raven is a leader in precision
agriculture, high-performance specialty films, and lighter-than-air
technologies. Since 1956, Raven has designed, produced, and
delivered exceptional solutions, earning the company a reputation
for innovation, product quality, high performance, and unmatched
service. For more information, visit http://ravenind.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200521005746/en/
Jared Stearns, Investor Relations Manager Raven Industries +1
(605) 336-2750 irinfo@ravenind.com
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