Winnebago Industries announced that the company’s board of directors approved a quarterly cash dividend of $0.27 per share payable on Sept. 28 to common stockholders of record at the close of business on Sept. 14. Today’s dividend declaration represents a 50% – or $0.09 per share – increase from the previous quarter.
This increase follows the 50% increase that the company announced in the prior year.
With this announcement, Winnebago Industries has paid a quarterly cash dividend to common stockholders of record for the last 33 quarters.
In addition, the board of directors approved a new share repurchase authorization of up to $350 million of the company’s common stock. The share repurchase authorization replaces the previous $200 million share repurchase program that was fully depleted with $80 million of share repurchase completed in the fourth quarter of fiscal 2022.
