Valmont Industries, Inc. Declares Quarterly Dividend, Payable on January 14, 2022
October 26, 2021 at 04:16 pm EDT
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Valmont Industries, Inc. announced that its board of directors has declared a quarterly dividend of $0.50 cents per share payable on January 14, 2022 to shareholders of record on December 23, 2021. The dividend indicates an annual rate of $2.00 per share.
Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets. The Company operates through two segments: Infrastructure and Agriculture. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, solar, lighting, transportation, and telecommunications, along with coatings services to protect metal products. Its Infrastructure segment is comprised of five primary product lines: Transmission, Distribution, and Substation (TD&S); Lighting and Transportation (L&T); Coatings; Telecommunications, and Solar. The Agriculture segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.