Directors of Fleetwood Enterprises Inc. declared a regular quarterly cash dividend of 4 cents per share of common stock, payable Nov. 14 to shareholders of record as of Oct. 5.
The announcement of the decision to pay the dividend was issued today (Sept. 11) during the compan How To Make Your Girlfriend Come Back y’s annual shareholders meeting in Riverside, Calif.
Fleetwood has a little more than 32.7 million shares outstanding, so the 4 cents a share dividend will amount to the distribution of a little more than $1.3 million in cash to stockholders.
Fleetwood lost $11.1 million during the first quarter of its fiscal year 2002, which ended on July 29.
However, company executives, during a conference with investment analysts on Aug. 30, said they believe Fleetwood will breakeven during its second fiscal quarter, which will end in late October, and during its third fiscal quarter, which will end in late January.
Fleetwood’s financial performance during its fourth fiscal quarter, which will include the February-through-April portion of next year, should be “substantially stronger,” said Fleetwood CFO Boyd Plowman, during the conference call on Aug. 30.