SIOUX FALLS, S.D., March 13 /PRNewswire-FirstCall/ -- Citing its strong,
record-high performance for the fiscal year ended January 31, 2006, Raven
Industries, Inc. (Nasdaq: RAVN) announced today that its board of directors
approved a 28.6 percent increase in the company's quarterly cash dividend to
nine cents per share, payable April 14, 2006, to shareholders of record on
March 27, 2006. This is the 20th consecutive annual increase in the
shareholder payout, Raven noted.
"Dividend growth has always been a hallmark at Raven Industries," said
Ronald Moquist, president and chief executive officer. "This latest increase
demonstrates our confidence that we can continue to generate the strong
earnings and cash flow needed for business reinvestment and dividends."
The company reported earlier this month that net earnings climbed
36 percent to a record $1.32 per share from 97 cents per share.
About Raven Industries, Inc.
Raven is an industrial manufacturer that provides electronics
manufacturing services, reinforced plastic sheeting and flow control devices
to various markets.
On the Internet, information is available at http://www.ravenind.com , the
company's website.
SIC Codes: 3672, 3081, 3829
SOURCE Raven Industries, Inc.
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Related links:
http://www.ravenind.com
CONTACT:
Tom Iacarella, VP & CFO of Raven Industries,
Inc., +1-605-336-2750; or General Inquiries, Dennis Waite,
+1-708-246-6265, or Analyst Inquiries, Leslie Loyet,
+1-312-640-6672, or Media Inquiries, Tim Grace, +1-312-640-6667,
all of Financial Relations Board
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