The Coachmen Industries Inc. Board has declared a regular 5 cents a share quarterly dividend payable March 14 to shareholders of record as of Feb. 21.
The RV and modular structures builder has about 16 million shares outstanding, so the distribution will total around $800,000.
Coachmen will reveal its fourth quarter and full year 2001 earnings report on Thursday (Feb. 14).
The company earned $1 million during the third quarter but it was in the red $2.5 million after the first nine months of 2001.
Because of the shock to the economy delivered by the Sept. 11 terrorist attacks, Coachmen reported in November that it anticipated posting a net loss ranging from $3.2 million to $4 million for the full year 2001.
However, Coachmen executives believe the company is well-positioned to profit from the RV industry’s expected upturn this year, and the company’s stock rose to a new 52-week high of $17.74 a share in recent days.