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LCI Industries announced that its board of directors approved a 10% increase in the amount of the company’s regular quarterly cash dividend to 55 cents per share from 50 cents per share of common stock.

The dividend is payable on Dec. 1 to stockholders of record at the close of business on Nov. 17.

“This increase to our regular quarterly dividend demonstrates the board of directors’ and management’s continued confidence in the company’s consistent financial performance and long-term strategy, as well as our optimistic outlook as we approach 2018,” said LCI CEO Jason Lippert.