Discover the latest news from Lindsay Corporation (NYSE: LNN) as they announce a dividend increase, highlighting their commitment to shareholder value
Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure equipment and technology, made an exciting announcement today that is sure to delight its shareholders. The company's Board of Directors has declared a regular quarterly cash dividend of $0.35 per share, signifying a three percent increase from the previous rate. This boost in dividends reflects Lindsay Corporation's commitment to delivering value to its investors. Let's delve deeper into this announcement and explore what it means for shareholders.
Lindsay Corporation's quarterly cash dividend of $0.35 per share is set to be distributed on August 31, 2023. Shareholders of record as of August 17, 2023, will be eligible to receive this dividend. With approximately 11.0 million shares outstanding, Lindsay Corporation is providing an enhanced annual indicated rate of $1.40 per share, up from the previous annual indicated rate of $1.36 per share.
Shareholders of Lindsay Corporation can look forward to reaping the benefits of this dividend increase. By raising the quarterly cash dividend rate by three percent, the company demonstrates its commitment to enhancing shareholder value. This increase reflects Lindsay Corporation's positive financial performance and reinforces the company's confidence in its future prospects. Shareholders will enjoy higher returns on their investment, with an improved annual indicated rate that aligns with the company's growth trajectory.
As a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, Lindsay Corporation has established itself as a trusted industry player. The company's commitment to innovation and excellence has contributed to its consistent financial performance, enabling it to provide increased dividends to its shareholders. With its shares traded on the New York Stock Exchange under the symbol LNN, Lindsay Corporation continues to be an attractive investment opportunity for individuals seeking exposure to the irrigation and infrastructure sectors.
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