Lindsay Corporation Increases Cash Dividend to $0.13 from $0.115

Lindsay Corporation 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.