Winnebago Industries Inc. saw the value of its stock decline 6% today (Oct. 17) despite the fact the company also declared a 10 cents a share cash dividend today.
Winnebago stock lost $1.61 a share today to close at $24.14.
The dividend will be payable Jan. 7 to shareholders of record as of Dec. 7.
The dividend declaration was “an indication of the Board of Director’s confidence in the company and the continued strength of the RV industry,” according to a Winnebago statement.
Meanwhile, investors in Monaco Coach Corp. also had a tough day today. Monaco stock declined $1.95, or 11%, to close at $15.10.
However, another major RV manufacturer, Thor Industries Inc., saw its stock price head in the opposite direction today. Thor shares gained $1.00, or 3%, to close at $30.25.