Raven Industries Board Announces Cash Dividend of 10.5 Cents Payable on December 31, 2012
SIOUX FALLS, S.D., Dec. 4, 2012 (GLOBE NEWSWIRE) -- Raven Industries, Inc. (Nasdaq:RAVN) announced today that its board of directors has approved a regular cash dividend of 10.5 cents per share, payable December 31, 2012, to shareholders of record on December 14, 2012.
Raven has typically paid its fourth-quarter dividend in January. However, given the potential federal tax rate increases on dividend income in 2013, the company opted to accelerate payment into December.
About Raven Industries, Inc.
Since 1956, Raven Industries has designed and manufactured high-quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance and unmatched service. With strengths in engineering, manufacturing, and technological innovation, Raven serves the precision agriculture, high performance specialty films, aerospace, and electronic manufacturing services markets. Visit www.RavenInd.com for more information.
CONTACT: At the Company: Tom Iacarella, Vice President and CFO 605-336-2750 Thomas.Iacarella@ravenind.com At Padilla Speer Beardsley: Matt Sullivan 612-455-1700 Msullivan@padillaspeer.com