Despite sharp declines in sales of its RV and manufactured housing products, Fleetwood Enterprises today (June 12) declared a regular quarterly cash dividend of 4 cents a share.
The dividend will be payable Aug. 8 to shareholders of record as of July 6.
Fleetwood paid a 19 cents a share quarterly dividend until last December, when lowered its payout to conserve cash.
Fleetwood lost $239.5 million during the first nine months of its fiscal year 2001, and it anticipates reporting another loss for its fourth fiscal quarter, which ended April 29.
The company will report its fourth fiscal quarter and full-year financial results on Wednesday (June 13).
The $239.5 million loss includes non-cash items such as goodwill impairment.