Valmont Industries (VMI) will raise its quarterly dividend by 50.0 percent to $0.375 per share in 2014. This follows a dividend hike of 11.1 percent in the previous year.

Valmont is a global leader, designing and manufacturing engineered products that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products.