OMAHA, Neb., April 26, 2011 /PRNewswire/ -- 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 18.0 cents per share payable on July 15, 2011 to shareholders of record on June 24, 2011. The dividend is an increase of 9.0% from the prior quarter's dividend, and indicates an annual rate of 72 cents per share.
Valmont is the global leader in designing and manufacturing engineered support structures for infrastructure, and a provider of 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.