updated 3/21/2011 4:16:42 PM ET 2011-03-21T20:16:42

SIOUX FALLS, S.D., March 21, 2011 (GLOBE NEWSWIRE) -- Raven Industries, Inc. (Nasdaq:RAVN) 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. 

About Raven Industries, Inc.

Since 1956, Raven Industries has designed and manufactured high-quality, high-value technical products.  Raven is publicly traded on Nasdaq (RAVN) and has earned an international reputation for innovation, product quality, high performance and unmatched service.  With strengths in engineering, manufacturing, and technological innovation, Raven serves the precision agriculture, high performance specialty films, aerospace, and electronic manufacturing services markets.

On the Internet, information is available at the company's website, www.ravenind.com.

         Tom Iacarella
         Chief Financial Officer
         (605) 336-2750
         Leslie Loyet
         Analyst/Media Inquiries
         (312) 640-6672

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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