Thor Industries announced that its Board of Directors approved, at its Oct. 10 meeting, an increase in the amount of Thor’s regular quarterly dividend to 33 cents per share from 30 cents per share, an increase of 10 percent.
The regular dividend is payable on Nov. 7, to shareholders of record at the close of business on Oct. 24.
“The latest increase to our regular quarterly dividend marks the seventh consecutive annual increase in our quarterly dividend, illustrating the confidence shared by our management team and Board in the future of Thor and our continued commitment to returning cash to shareholders,” Thor Executive Chairman Peter B. Orthwein said. “Fiscal 2016 was a year of great accomplishments, with the acquisition of Jayco and significant growth in revenues and earnings, resulting from the hard work of the entire Thor team.
“As we look forward to Fiscal 2017, we are optimistic as the RV market continues to grow, with new consumers enjoying our products and increasing the size of our overall market.”