Winnebago Industries Inc. feels “very optimistic about our prospects” so the motorhome manufacturer announced today (Aug. 25) that it will double the amount of the cash dividend it pays to its shareholders.
The New York Stock Exchange-listed company will pay 10 cents per share in cash every quarter, or 40 cents per share per year. Until now, Winnebago had paid 10 cents a share twice a year, or 20 cents a share annually.
Winnebago Chairman, President and CEO Bruce Hertzke said this is “an opportune time to increase cash dividends to our shareholders” because “we have been successful in our goal of being the most profitable public manufacturer in the RV industry as measured by return on assets, return on equity, operating income as a percent of net revenues and net income as a percent of net revenues for the past three years.”
In addition to Winnebago’s stock re-purchase program, Hertzke believes “increasing dividends is an effective way to reward our shareholders for this success.”
Winnebago will pay its next 10 cents a share cash dividend on Oct. 6 to shareholders of record as of Sept. 5.