Lindsay hikes dividend by 2.9% to $0.35 quarterly in 2023

On July 7, 2023, Lindsay Corporation ( LNN), the leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced a new quarterly dividend of $0.35 per share. This marks the 21st consecutive year of dividend growth for LNN. The new dividend yield is 1.17% at a stock price of $119.98.

Lindsay Corporation manufactures and markets irrigation and infrastructure equipment and technology. The company's irrigation producs are primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy, and labor. The company also manufactures and markets infrastructure and road safety products. Lindsay's brands include Zimmatic, FieldNET, Barrier Systems, Road Zipper and Snoline. Lindsay was established in 1955 and has paid a dividend every year since 1996.