Lindsay Corp. Raises Quarterly Dividend 3% to $0.38/Share
LNN sits 25% above its 52-week low of $97.27 on elevated volume (1.9× avg).
Summary
Lindsay Corp. announced a 3% increase in its quarterly cash dividend, raising it by one cent to $0.38 per share. This move follows the company's strong Q3 FY2026 earnings report on July 2nd, where it exceeded analyst expectations for revenue and EPS. The dividend hike, while modest, reinforces management's confidence in the company's financial performance and its commitment to shareholder returns, complementing its ongoing share repurchase program.
At the time of this announcement, LNN was trading at $121.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $97.27 to $149.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.