By RV News Staff
Winnebago Industries announces a dividend of 31 cents per share is payable Sept. 27 to common stockholders of record as of Sept. 13. The dividend is 15% higher than the 27 cents a share offered in the previous quarter.
Higher returns indicate sales of RVs, like boats and other large outdoor rec toys, remain positive. This indicates that there is still an earnest need for many more safe, secure RV and boat storage facilities across the nation.
Michael Happe, Winnebago Industries’ president and CEO, said: “Our team is focused on serving our customers, operating our business with discipline, and creating sustainable value for our shareholders. This dividend increase underscores our confidence in the long-term strength and trajectory of our business. Our diverse portfolio of premium brands across the outdoor recreation industry continues to be resilient and remain a source of optimism for our future.”
Winnebago Industries has paid a quarterly cash dividend for 37 consecutive quarters. The RV manufacturer increased the quarterly dividend in each of the last five years.
“We are responding to dynamic market conditions while maintaining our focus on quality, innovation, and service,” Happe said. “We continue to invest in our high-performing culture and focus on doing good in the communities where our customers and teammates live, work and play.”
Winnebago has about 30.21 million shares outstanding, according to Yahoo Finance. The dividend payment will return about $9.37 million to shareholders. The dividend payment is $1.208 million more than Winnebago would have paid before raising the payment.
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