Despite its recent financial difficulties, Fleetwood Enterprises Inc. will pay a regular quarterly cash dividend, the company announced.
Fleetwood will pay four cents a share on May 9 to shareholders of record as of April 6.
The company had paid 19 cents a share each quarter until it announced the reduction to four cents a share last December in order to free up $20 million in cash annually for other purposes.
Fleetwood recently announced it lost $205 million during the three months ended Jan. 28. Contributing to the loss was a $29.7 million operating deficit from its RV manufacturing activities and a $25.3 million operating deficit from its manufactured home retailing business.
The remainder of Fleetwood’s loss during the recently completed quarter came as a non-cash write-down of goodwill to account for diminished asset values.