Thor Industries Inc. announced that its board approved at the Oct. 3, meeting an increase in the amount of Thor’s regular quarterly dividend to 27 cents per share from 23 cents per share, an increase of 17%.
The regular dividend is payable on Oct. 31 to shareholders of record at the close of business on Oct. 17.
“The latest increase to our regular quarterly dividend marks the fifth consecutive annual increase in our quarterly dividend and highlights our ongoing pattern of returning cash to our shareholders,” said Peter B. Orthwein, Thor executive chairman. “The decision to increase our dividend in fiscal 2015 reflects the board’s continued optimism and confidence in the future direction of Thor. As we continue to generate considerable cash from our operations, we plan to invest that cash based on our priorities to grow our operations both organically and through acquisitions, maintain or grow our regular dividend and fund special dividends or share repurchases as appropriate.”