Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Lindsay Corporation is a U.S.-based industrial company that designs, manufactures, and markets equipment and technology primarily for agricultural irrigation and transportation infrastructure markets. The company operates at the intersection of precision agriculture, water management, and road safety systems, serving customers that include farmers, agricultural enterprises, governments, and transportation authorities.
The company’s core revenue is driven by the sale of center pivot and lateral move irrigation systems, irrigation controls, and related aftermarket services, alongside road safety and traffic management products. Lindsay has developed a differentiated position through the integration of hardware, software, and data-driven solutions, particularly through its proprietary remote irrigation management and infrastructure monitoring technologies. Founded in 1955 and headquartered in Omaha, Nebraska, Lindsay evolved from a regional irrigation equipment manufacturer into a global supplier with diversified exposure to agriculture and infrastructure investment cycles.
Business Operations
Lindsay operates through two primary business segments: Irrigation and Infrastructure. The Irrigation segment represents the majority of company revenue and includes center pivot and lateral move irrigation systems, controls, replacement parts, and precision agriculture technologies. These products are sold directly and through a global dealer network, with recurring revenue generated from aftermarket parts, service, and digital platform subscriptions.
The Infrastructure segment focuses on road safety and traffic management products, including permanent and temporary barriers, crash cushions, and smart infrastructure systems. This segment also includes technology-enabled solutions such as road condition monitoring and traffic data platforms. Lindsay conducts manufacturing primarily in the United States, with additional production and assembly operations internationally, and sells its products across both domestic and international markets.
Strategic Position & Investments
Lindsay’s strategic direction emphasizes technology-enabled solutions, water-use efficiency, and infrastructure safety innovation. The company has invested in expanding its digital irrigation platforms, including remote monitoring, automation, and data analytics designed to improve crop yields while conserving water. These initiatives align with long-term trends in sustainable agriculture and resource management.
In infrastructure, Lindsay continues to invest in smart roadway technologies and connected infrastructure systems that enhance safety and data visibility for transportation agencies. The company has historically pursued selective acquisitions and internal development rather than large-scale transformational deals, focusing on integrating software capabilities and expanding its technology portfolio within both operating segments.
Geographic Footprint
Lindsay Corporation is headquartered in North America and maintains a significant presence across the United States, which represents its largest market. Internationally, the company operates in South America, Europe, the Middle East, Africa, and Asia-Pacific, primarily through a combination of subsidiaries, joint ventures, licensees, and independent dealers.
The company’s irrigation products are widely deployed in regions facing water scarcity and agricultural modernization needs, while its infrastructure products are concentrated in developed markets with sustained public investment in roadway safety. Lindsay’s global footprint allows it to participate in both emerging-market agricultural growth and developed-market infrastructure spending.
Leadership & Governance
Lindsay Corporation is led by an experienced executive team with backgrounds in industrial manufacturing, agriculture technology, and infrastructure systems. The leadership emphasizes operational discipline, innovation, and long-term value creation through technology-driven solutions and global market expansion.
Key executives include:
- Randy A. Wood – President and Chief Executive Officer
- Brian L. Kinsella – Chief Financial Officer
- Mark A. Kropscott – President, Irrigation Segment
- Michael R. Nauman – President, Infrastructure Segment
- Mark R. Palmer – Senior Vice President and Chief Legal Officer
The company operates under a traditional public-company governance structure, with oversight provided by an independent board of directors and a strategic focus on sustainable growth, capital discipline, and shareholder returns.