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VALMONT'S BOARD DECLARES 15 PERCENT INCREASE IN QUARTERLY DIVIDEND

 VALLEY, Neb., April 20 /PRNewswire/ -- At its Annual Shareholders' Meeting today, William F. Welsh II, president and chief executive officer of Valmont Industries Inc. (NASDAQ: VALM) announced that the company's board of directors, at a meeting held this morning, declared a 15 percent increase in the cash dividend.
 The increase will be effective with the second quarter cash dividend, payable July 15, 1993 to shareholders of record on June 25, 1993. The new quarterly dividend rate is 7.5 cents per share, up from a previous 6.5 cents rate and indicates an annual dividend rate of 30 cents per share.
 Welsh told the shareholders in attendance at the meeting, "We believe that Valmont's future is bright. The dividend increase reflects the board's and management's confidence in an improving earning power of the company currently and in the future."
 Valmont Industries manufactures steel and aluminum poles for lighting, utility and communication markets, steel tubing for specialty industrial applications and ballasts and controls for the lighting industry; is the leading producer of mechanized irrigation systems for worldwide agricultural markets; and has an investment in InaCom, a major distributor of computer products and services.
 -0- 4/20/93
 /CONTACT: Brian C. Stanley of Valmont Industries, 402-359-2201/
 (VALM)


CO: Valmont Industries Inc. ST: Nebraska IN: SU: DIV

BB -- DV009 -- 8256 04/20/93 16:02 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:223
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