SIOUX FALLS, S.D., March 14 /PRNewswire-FirstCall/ -- Noting its strong,
record-high performance for the fiscal year ended January 31, 2005, Raven
Industries, Inc. (Nasdaq: RAVN) announced today that its board of directors
approved a 27.3 percent hike in the company's quarterly cash dividend to seven
cents per share, payable April 15, 2005, to shareholders of record on March
28, 2005. This is the 19th consecutive annual increase in the shareholder
payout, Raven noted.
"Dividends have always been a significant part of our shareholders' return
on investment," said Ronald Moquist, Raven President and CEO. "We continue to
generate the strong earnings and cash flow needed for business reinvestment
and dividend increases."
The company reported earlier this month that net earnings climbed 29
percent to a record $.97 per share from $.75 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.
 back to top
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, Analyst Inquiries, Leslie Loyet,
+1-312-640-6672, or Media Inquiries, Tim Grace, +1-312-640-6667,
all of Financial Relations Board
|
