Lindsay Corp., a leading manufacturer of irrigation and infrastructure equipment and technology, has announced its decision to increase its quarterly dividend from 34 cents to 35 cents per share. The new dividend payment will be made on August 31st, 2021, to all shareholders registered as of August 17th, 2021. This move comes amidst a challenging year for Lindsay Corp., as its stock has fallen by 29% while the S&P 500 has seen a 15% increase.
The decision to raise the dividend demonstrates Lindsay Corp.’s commitment to delivering value to its shareholders. By increasing the dividend by one cent, the company aims to reward its investors for their trust and confidence. This move also reflects the company’s optimistic outlook and commitment to long-term growth.
Lindsay Corp. has a strong reputation in the industry, known for its innovative irrigation and infrastructure equipment and technology. The company’s products have played a crucial role in supporting agriculture and infrastructure development globally. With this dividend increase, Lindsay Corp. seeks to maintain its appeal to investors and position itself as a reliable and profitable investment option.
Despite the challenging market conditions, Lindsay Corp. remains steadfast in its mission to provide cutting-edge solutions to its customers. The company continues to invest in research and development, ensuring that its products remain at the forefront of the industry. Additionally, Lindsay Corp. is actively exploring new markets and partnerships to expand its reach and diversify its revenue streams.
While the stock performance may have been affected, Lindsay Corp. is confident in its ability to rebound and deliver positive results in the future. The company is committed to creating long-term value for its shareholders and aims to achieve sustainable growth in the years to come.
In conclusion, Lindsay Corp.’s decision to raise its quarterly dividend demonstrates its dedication to rewarding shareholders and maintaining their confidence. Despite the challenges faced in the market, the company remains focused on innovation and growth. Investors can look forward to the dividend payment on August 31st, 2021, and continue to monitor Lindsay Corp.’s progress as it works towards achieving its long-term goals.
