Valmont Raises Quarterly Dividend by 13%, Sets New $700 Million Stock Buyback

Dow Jones

Feb 18, 2025

By Colin Kellaher

Valmont Industries' board has raised the quarterly dividend by 13%, to 68 cents a share from 60 cents, and approved the repurchase of $700 million in stock.

The new quarterly payout, equal to $2.72 a year, represents an annual yield of about 0.85% based on Friday's closing price of $320.79, up from 0.75%.

The Omaha, Neb., provider of products and services for infrastructure and agriculture markets on Tuesday said the increased dividend is payable April 15 to shareholders of record March 28.

Valmont said the new stock buyback will be added to its current authorization, which has about $66 million remaining as of Dec. 28. The company, which has around 20.2 million shares outstanding, sports a market capitalization of roughly $6.5 billion.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 18, 2025 08:11 ET (13:11 GMT)

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The company, which has around 20.2 million shares outstanding, sports a market capitalization of roughly $6.5 billion. \n\n\n \n\n\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 18, 2025 08:11 ET (13:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}