The new dividend rate translates to an annualized payment of $1.52 per share. Based on the company's closing stock price of $122.12 on Friday, the move results in an annual yield of approximately 1.2%. Shareholders on record as of August 17 are eligible to receive the distribution, which is scheduled for payment on August 31.
Lindsay Corporation Lifts Quarterly Dividend Payout
Lindsay Corporation is increasing its quarterly cash dividend by a penny, pushing the payout to 38 cents per share. This adjustment, announced by the Omaha-based irrigation and infrastructure equipment manufacturer, reflects a commitment to shareholder returns following the close of Friday's market session.
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