Lindsay Corporation Announces Cash Dividend
Lindsay Corporation (NYSE: LNN), a prominent manufacturer and distributor specializing in irrigation and infrastructure equipment, has announced an exciting development for its shareholders. The Board of Directors has declared a regular quarterly cash dividend amounting to $0.36 per share. This dividend is set to be paid out on February 28, 2025, to all shareholders who are recorded at the close of business on February 14, 2025.
Current Shares Outstanding
As of January 6, 2025, the company has approximately 10.9 million shares outstanding, trading on the New York Stock Exchange under the ticker symbol LNN. This demonstrates the strong investor interest and commitment to providing value to its shareholders.
About Lindsay Corporation
Lindsay Corporation is not only a leader in irrigation solutions but also a key player in infrastructure technology. Established back in 1955, the company has consistently focused on research and innovation to meet the burgeoning needs of the global population for food, fuel, fiber, and transportation. Among its standout products, the Zimmatic™ brand offers efficient center pivot and lateral move irrigation systems.
Innovative Irrigation Technologies
The company also provides advanced remote irrigation management tools, including FieldNET™ and FieldWise™, as well as the FieldNET Advisor™ for irrigation scheduling. These technologies underscore Lindsay Corporation's commitment to enhancing agricultural productivity through smart solutions.
Leaders in Transportation Solutions
Moreover, Lindsay Corporation is a recognized leader in the transportation sector. Through its subsidiary, Lindsay Transportation Solutions, the company produces equipment aimed at improving road safety and ensuring smooth traffic flow across a myriad of infrastructure, such as roads, bridges, and tunnels. Notable products include the Barrier Systems™, Road Zipper™, and Snoline™ brands.
Commitment to Shareholders and Innovation
The announcement of the dividend reflects Lindsay Corporation's dedication to its shareholders and its ongoing growth trajectory. As the company continues to innovate and expand its product offerings, it remains committed to delivering value not only through dividends but also through sustainable business practices. The focus on robust research and development ensures that Lindsay remains at the forefront of technological advancements within both the irrigation and transportation sectors.
Frequently Asked Questions
What is the dividend amount declared by Lindsay Corporation?
Lindsay Corporation has declared a quarterly cash dividend of $0.36 per share.
When is the dividend expected to be paid?
The dividend is scheduled to be paid on February 28, 2025.
Who will receive the dividend?
Shareholders who are on record by the close of business on February 14, 2025, will receive the dividend.
What does Lindsay Corporation specialize in?
Lindsay Corporation specializes in manufacturing and distributing irrigation and infrastructure equipment and technology.
Where can I learn more about the company?
For more information about Lindsay Corporation, you can visit their official website.
