LCI Industries, a supplier of components for the leading original equipment manufacturers of recreational vehicles RVs and adjacent industries, and the related aftermarkets, today announced that its board of directors approved a regular quarterly cash dividend of 55 cents per share of common stock.

The dividend is payable on March 29, to stockholders of record at the close of business on March 16.

On Feb. 8, the company reported net sales for the fourth quarter of 2017 were $547 million, a 36% increase over 2016 fourth quarter net sales of $403 million. Net income in the fourth quarter of 2017 was $17.5 million, or 68 cents per diluted share, compared to net income of $26.3 million, or $1.05 per diluted share, in the fourth quarter of 2016.