Winnebago Industries Inc. announced a quarterly dividend, Zacks reports. Investors of record on Sept. 11 will be given a dividend of 11 cents per share on Sept. 25. This represents a 44 cent dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, Sept. 10.
Winnebago Industries has increased its dividend by an average of 2.6% per year over the last three years while the company has a dividend payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Winnebago Industries to earn $4.09 per share next year, which means the company should continue to be able to cover its 44 cent annual dividend with an expected future payout ratio of 10.8%.