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Thor Industries Inc. announced today (June 20) that its board declared a special one time dividend of 25 cents per share to stockholders of record on July 22, 2005, payable on August 5.
“The special dividend of 25 cents per share recognizes our unsurpassed performance in our two industries, recreation vehicles and buses in this, our 25th year in business,” said Wade F. B. Thompson, Thor chairman. “The increase in our regular quarterly dividend reflects our confidence that Thor will continue its exceptional record of profitable growth.”
Thor recently reported record net income for the company’s fiscal nine months of $88.6 million, up 20% from last year, while sales increased 21% to $1.9 billion.
The Jackson Center, Ohio-based company also announced that its board increased its regular quarterly dividend 66%, from 3 cents per quarter to 5 cents per quarter payable on Oct. 4 to stockholders of record on Sept. 16. Thor’s common stock buy-back plan, consisting of 1,132,800 shares, has been extended to March 31, 2007.