Valmont Industries (VMI) Declares $0.375 Quarterly Dividend, Approves $500M Buyback

Valmont Industries, Inc. (NYSE: VMI) declared a quarterly dividend of $0.375 per share, or $1.5 annualized, an increase from $0.25.

The dividend will be payable on July 15, 2014, to stockholders of record on June 27, 2014, with an ex-dividend date of June 25, 2014.

The annual yield on the dividend is 1 percent.

The Directors also authorized the Company to purchase up to $500 million of its outstanding common stock from time to time over the next twelve months at prevailing market prices, through open market or privately-negotiated transactions. The purchases will be funded from available working capital and short-term borrowings and will be made subject to market and economic conditions. Valmont is not obligated to make any repurchases and may discontinue the program at any time. Valmont currently has approximately 26.8 million shares outstanding.

For a dividend history and other dividend-related data on Valmont Industries, Inc. (VMI) click here.

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