Sioux Falls, S.D.—August 26, 2014—Raven Industries, Inc. (NASDAQ: RAVN) announced today that its board of directors has approved an 8 percent increase in the company’s regular quarterly cash dividend to 13 cents per share. The dividend is payable October 24, 2014, to shareholders of record on October 10, 2014.
“Returning cash to our shareholders is important to Raven and the company’s board of directors,” said Daniel A. Rykhus, Raven’s President and Chief Executive Officer. “Though we face certain marketplace challenges over the next several quarters, Raven’s strong balance sheet and cash position support our ability to continue strategically investing in our business, as well as deliver measured dividend increases.”
About Raven Industries, Inc:Since 1956, Raven Industries has designed and manufactured high-quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven’s purpose is to solve great challenges in areas of safety, feeding the world, energy independence and resource preservation. To realize this purpose, we utilize our strengths in engineering, manufacturing and technological innovation to serve the precision agriculture, high performance specialty films, aerospace and situational awareness markets. Visit www.RavenInd.com for more information.
At the Company:
Tom Iacarella, Vice President and CFO