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Monaco Coach Corp. increased its quarterly cash dividend by 20% to 6 cents per share, representing its fifth consecutive quarterly cash dividend since the company declared its initial dividend on Feb. 23, 2004. 
The dividend is payable March 15 to shareholders of record as of March 1.
“This increase in our cash dividend not only reflects the company’s strong balance sheet, but it is an additional value that we are able to provide to our shareholders,” said Kay Toolson, chairman and CEO. “The increase reflects our belief that the company will continue to deliver strong financial results.”
The Coburg, Ore.-based manufacturer also said that director Carl Ring Jr. does not intend to stand for re-election at its annual stockholders meeting in May.