Lindsay Corporation raises quarterly dividend by 3 percent

NEW YORK - Lindsay Corporation (NYSE:LNN), a manufacturer of irrigation and infrastructure equipment trading at $143.23 per share with a market capitalization of $1.56 billion, announced Thursday it will increase its quarterly cash dividend by 3 percent to $0.37 per share. According to InvestingPro data, this marks the company’s 22nd consecutive year of dividend increases, demonstrating a strong commitment to shareholder returns.

The dividend will be payable on August 29, 2025, to shareholders of record as of August 15, 2025, according to a company press release. This increase raises the annual dividend rate from $1.44 to $1.48 per share.

Lindsay Corporation reported approximately 10.9 million outstanding shares as of June 24, 2025. The company’s shares are traded on the New York Stock Exchange under the ticker symbol LNN.

Established in 1955, Lindsay Corporation manufactures and distributes irrigation systems and transportation infrastructure equipment. Its irrigation product portfolio includes Zimmatic center pivot systems and FieldNET remote management technology, while its transportation division produces road safety equipment under the Barrier Systems and Road Zipper brands.

The dividend announcement represents the company’s regular quarterly distribution to shareholders, adjusted upward from the previous rate of $0.36 per share.

In other recent news, Lindsay Corporation reported impressive financial results for the third quarter of fiscal year 2025, surpassing analyst expectations. The company achieved an earnings per share of $1.78, exceeding the forecast of $1.41, and reported revenue of $169.5 million, which was higher than the projected $157.87 million. Lindsay’s revenue increased by 22% year-over-year, largely due to a 25% growth in its irrigation segment. The company also secured a $20 million project in the Middle East and North Africa (MENA) region, emphasizing its international expansion efforts. Additionally, Lindsay maintains a strong liquidity position with $261 million available, including cash and credit facilities. Analysts from firms like Oppenheimer and Northcoast Research discussed the company’s strategic moves and market conditions during the earnings call. They highlighted Lindsay’s ongoing large-scale projects and its focus on leveraging technology and international market opportunities. The company remains optimistic about its future growth, particularly in international markets such as Brazil and the MENA region.

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