Winnebago Industries Inc. has declared the reinstatement of a quarterly cash dividend of nine cents a share, payable on Nov. 26, to shareholders of record at the close of business on Nov. 12. According to a press release, the move came as a result of action taken at the company’s board meeting held today (Oct. 15).
“We believe the time is right for Winnebago to reinstate a cash dividend,” said Winnebago Chairman, CEO and President Randy Potts. “Our ultimate goal is to return profits to our shareholders. We believe the payment of a cash dividend will enhance our shareholders’ value over the long-term.”
The company will release a report on its fourth quarter and annual performance for the 2014 fiscal year Thursday.