Lindsay Corporation (LNN) has announced a quarterly dividend of $0.37 per share, maintaining its previous payout level. The forward yield stands at 1.44%, with the dividend payable on May 29 to shareholders of record as of May 15, which is also the ex-dividend date.
This announcement comes on the heels of disappointing Q2 earnings results, where Lindsay reported a GAAP EPS of $1.15, missing estimates by $0.54, and revenue of $157.7 million, falling short by $13.69 million. Despite these setbacks, the company anticipates continued project deliveries in the MENA region through the latter half of the year and aims for an early 2027 startup for its galvanizing facility.
For market professionals, the key takeaway is the stability of Lindsay’s dividend amidst earnings misses, which may appeal to income-focused investors. However, the company’s ability to meet growth targets in upcoming quarters will be critical for maintaining investor confidence.
Source: seekingalpha.com