Thor Industries board of directors approved an increase in the amount of Thor’s regular quarterly dividend to 30 cents per share, from 27 cents, at its Oct. 1 meeting.
The regular dividend, which amounts to an 11 percent increase, is payable on Oct. 30 to shareholders of record at the close of business on Oct. 16.
“The latest increase to our regular quarterly dividend marks the sixth consecutive annual increase in our quarterly dividend and more importantly, represents a significant milestone as Thor has now returned more than $1 billion in cash to shareholders in the form of dividends and share repurchases,” Thor Executive Chairman Peter Orthwein said. “Just a few weeks ago, we celebrated the 35th anniversary of Thor’s purchase of Airstream, and the start of Thor. When Wade Thompson and I founded the company back then, we couldn’t have imagined that this business would grow to $4 billion in annual sales and return such a significant amount of cash to our shareholders.”