Raven Industries Increases Cash Dividend 14 Percent to 12.0 Cents Per Share
Payable April 25, 2013
SIOUX FALLS, S.D., March 25, 2013 (GLOBE NEWSWIRE) -- Raven Industries, Inc.
(Nasdaq:RAVN) announced today that its board of directors has approved a 14
percent increase in the company's regular quarterly cash dividend to 12.0
cents per share. The dividend is payable April 25, 2013, to shareholders of
record on April 10, 2013. This is Raven's 27^th consecutive annual cash
"We are committed to returning cash to our shareholders," said Daniel A.
Rykhus, Raven's president and chief executive officer. "We're confident in our
ability to invest in our business and reward our shareholders—a hallmark of
the Raven model."
On March 12, 2013, Raven reported net income of $1.44 per share, a 4 percent
increase over the prior-year's record.
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. With strengths in engineering,
manufacturing, and technological innovation, Raven serves theprecision
agriculture, high performance specialty films, aerospace, and electronic
manufacturing services markets. Visit www.RavenInd.com for more information.
CONTACT: At the Company:
Tom Iacarella, Vice President and CFO
At Padilla Speer Beardsley:
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