As per Lindsay Corporation (NYSE:LNN)’s news release on 2016-07-21, its shareholders will get cash dividend of $0.29 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-17 and 2016-08-31, respectively.
The stock will commence trading ex-dividend from 2016-08-15, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Lindsay Corporation (NYSE:LNN) disbursed $0.29 in dividend compared to distribution of $0.29, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 18.4783%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Lindsay Corporation (NYSE:LNN) to attain a price target of $62.75. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $67. The low price range is set at $58 for next year while the arithmetic mean is seen at 3.86.
Eyeing Earnings Lindsay Corporation (NYSE:LNN) is likely to post quarterly numbers around 2016-10-20 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $0.44 for the period ending on 2016-08-31.
In last quarter ended 2015-08-31, Lindsay Corporation (NYSE:LNN) earnings came at $0.9 suggesting a deviation of $-0.07. The brokerages targeted EPS of $0.97 for the quarter.
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