Winnebago Industries announced that the company’s board of directors approved a quarterly cash dividend of $0.34 per share payable on Sept. 25, to common stockholders of record at the close of business on Sept. 11. Aug. 15’s dividend declaration represents a 10% increase, or $0.03 per share, from the previous quarter.
“Increasing the quarterly dividend in the current economic environment demonstrates the Board’s confidence in our future, our commitment to driving shareholder value and the resilience of the outdoor recreation industry,” said Michael Happe, Winnebago Industries’ president and chief executive officer. “Our healthy balance sheet and strong cash flows allow us to invest in profitable growth while maintaining a balanced approach to capital allocation that consistently benefits our shareholders.”
With this announcement, Winnebago Industries has paid a quarterly cash dividend to common stockholders of record for 41 consecutive quarters.
“We remain committed to building a high-performing culture that delivers on our purpose to elevate every moment outdoors for our customers,” said Happe.
