More on the Best Company You’ve Never Heard Of

Two weeks ago, I highlighted Raven Industries (RAVN) and its remarkable long-term track record (up 210-fold in 30 years).

In that post, I noted that Raven has raised its dividend every year for the past 24 years and said to expect raise #25 very soon.

Well…#25 came yesterday:

Raven Industries, Inc. announced today that its board of directors approved a 12.5 percent increase in the company’s regular quarterly cash dividend to 18 cents per share. The dividend is payable April 15, 2011 to shareholders of record on March 31, 2011. This is the company’s 25th consecutive annual cash dividend increase.

“Raven recently reported record sales and earnings,” said Daniel A. Rykhus, President and Chief Executive Officer. “We are pleased to follow this with the 25th consecutive increase in our annual dividend rate. Raven shareholders understand that, along with investing in our core businesses, one of our cash management priorities is increasing the dividend.”

Raven will have paid a cash dividend for 39 consecutive years.

Raven reported very strong earnings earlier this month and the stock is at another all-time high today.

Posted by on March 22nd, 2011 at 10:25 am


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