Lindsay Corporation Declares Quarterly Dividend Increase, Shareholders to Reap Benefits
Omaha, Neb.- Lindsay Corporation (NYSE: LNN) has once again demonstrated its commitment to rewarding shareholders by declaring a regular quarterly cash dividend of $0.36 per share, payable on August 30, 2024.This represents a three percent increase from the previous rate of $0.35 per share.Shareholders of record at the close of business on August 16, 2024, will be eligible to receive this dividend.
The decision to increase the dividend rate reflects Lindsay Corporation’s strong financial performance and commitment to returning value to shareholders.This news comes on the heels of the company’s first quarter 2024 dividend payout ratio, which saw a sequential increase to 24.69.While still below the sector average, Lindsay Corporation continues to outperform its peers in the Capital Goods sector, ranking higher than 141 companies in the fourth quarter of 2023.
With 59 companies boasting higher 12-month dividend payout ratios, Lindsay Corporation’s upward trajectory is evident.This latest dividend increase further solidifies the company’s position as a leader in the industry, with shareholders poised to reap the benefits of its continued success.
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