Lindsay Corporation Increases Cash Dividend

  Lindsay Corporation Increases Cash Dividend

Business Wire

OMAHA, Neb. -- July 25, 2013

Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and
infrastructure products, announced today that its Board of Directors has
declared a regular quarterly cash dividend of $0.13 per share, payable August
30, 2013, to shareholders of record on August 16, 2013. This quarterly cash
dividend rate represents a 13% increase in the previous quarterly indicated
rate of $0.115 per share. The new annual indicated rate is $0.52 per share, up
from the previous annual indicated rate of $0.46 per share.

Rick Parod, president and chief executive officer, commented, “We are pleased
to make this step adjustment to our dividend rate reflecting the strength of
recent earnings and our confidence in long-term cash flows. This adjustment
should not be viewed as indicative of future dividend increases.”

About the Company

Lindsay manufactures and markets irrigation equipment primarily used in
agricultural markets which increase or stabilize crop production while
conserving water, energy, and labor. The Company also manufactures and markets
infrastructure and road safety products under the Lindsay Transportation
Solutions trade name. At June 25, 2013 Lindsay had approximately 12.9 million
shares outstanding, which are traded on the New York Stock Exchange under the
symbol LNN.

For more information regarding Lindsay Corporation, see the Company’s Web site
at www.lindsay.com.

Concerning Forward-looking Statements

This release contains forward-looking statements that are subject to risks and
uncertainties and which reflect management’s current beliefs and estimates of
future economic circumstances, industry conditions, company performance and
financial results. You can find a discussion of many of these risks and
uncertainties in the annual, quarterly and current reports that the Company
files with the Securities and Exchange Commission. Forward-looking statements
include information concerning possible or assumed future results of
operations of the Company and those statements preceded by, followed by or
including the words “anticipate,” “estimate,” “believe,” “intend,” "expect,"
"outlook," "could," "may," "should," “will,” or similar expressions. For these
statements, the Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. The Company undertakes no obligation to update any
forward-looking information contained in this press release.

Contact:

Lindsay Corporation
Jim Raabe, 402-827-6579
Vice President & Chief Financial Officer
or
Halliburton Investor Relations
Hala Elsherbini, 972-458-8000
or
Geralyn DeBusk, 972-458-8000
 
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