SIOUX FALLS, S.D., March 19 /PRNewswire-FirstCall/ -- Raven Industries,
Inc. (Nasdaq: RAVN) announced today that its board of directors approved a
22.2 percent increase in the company's regular quarterly cash dividend to
$0.11 per share. The dividend is payable April 16, 2007, to shareholders of
record on March 30, 2007. This is the company's 21st consecutive annual
cash dividend increase.
"Rewarding shareholders for their support as we continue to generate
significant cash flows is a hallmark at Raven," said Ronald Moquist,
president and chief executive officer. "This reflects a high degree of
confidence in our ability to both invest in our business units and increase
our payments to shareholders."
The company reported earlier this month that net earnings climbed five
percent to a record $1.39 per share from $1.32 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 the company's website,
http://www.ravenind.com .
SOURCE Raven Industries, Inc.
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Related links:
http://www.ravenind.com
CONTACT:
Tom Iacarella, Chief Financial Officer of
Raven Industries, Inc., +1-605-336-2750, or General Inquiries,
Leslie Loyet, +1-312-640-6672, or Media Inquiries, Tim Grace,
+1-312-640-6741, both of Financial Relations Board
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