The irrigation equipment maker increases its payout by 2.7% after maintaining a $0.37 dividend in prior quarters.
Lindsay Corporation raised its quarterly dividend to $0.38 per share, a 2.7% increase from the previous $0.37 payout. The new dividend yields 1.24% on a forward basis.
The company last paid $0.37 per share in its prior quarterly distribution. The increase follows a period of stable payouts, reflecting modest growth in shareholder returns.
The dividend is payable August 31 to shareholders of record on August 17, with an ex-dividend date set for August 17.