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Valmont Raises Dividend by 10.0%
OMAHA, Neb., April 27 /PRNewswire-FirstCall/ -- The Board of Directors of Valmont Industries, Inc. (NYSE: VMI) has increased the Company's quarterly cash dividend effective this July. The second quarter cash dividend will be 16.5 cents per share payable on July 15, 2010 to shareholders of record on June 25, 2010. The dividend is an increase of 10.0% from the prior quarter's dividend, and indicates an annual rate of 66 cents per share.
Valmont is the global leader in designing and manufacturing poles, towers and structures for lighting and traffic, wireless communication and utility markets, and a provider of protective coating services. Valmont also leads the world in mechanized irrigation equipment for agriculture, enhancing food production while conserving and protecting natural water resources.
SOURCE Valmont Industries, Inc.
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