Message Font: Serif | Sans-Serif
No. of Recommendations: 0
2 for 1 stock split in October - Ned

Raven Industries Declares 2-for-1 Stock Split and Declares Regular Pre-Split Cash Dividend of 11 Cents Per Share
    SIOUX FALLS, S.D., Aug. 20 /PRNewswire-FirstCall/ -- The Board of
Directors of Raven Industries, Inc. (Nasdaq: RAVN) today announced that it had
voted to split the common shares of the company two-for-one effective
October 15, 2004, to shareholders of record on September 24, 2004.  The
company last split its stock (also two-for-one) on January 15, 2003.
    The Board said its confidence in the company's long-term growth prospects
and strategic direction merited the stock split along with the continued
increase in the price of common stock.  The Board also noted that the increase
in the number of shares to more than 18 million should enhance market
liquidity for Raven shareholders.  The announcement comes one day after Raven
reported record second-quarter net income rose 15 percent to $3.6 million from
$3.2 million, or 40 cents per share, vs. 34 cents in the year-ago quarter.
    At the same time, Raven's Board approved the quarterly cash dividend of
11 cents per pre-split share, payable October 15, 2004 to shareholders of
record on September 24, 2004.
    About Raven Industries, Inc.
    Raven is an industrial manufacturer that provides electronics
manufacturing services, reinforced plastic sheeting and flow control devices
to various markets.
    On the Internet, information is available at , the
company's website.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.