Winnebago Industries Board of Directors Approves 10% Increase to Quarterly Cash Dividend
Rhea-AI Summary
Winnebago Industries (NYSE:WGO) has announced a 10% increase in its quarterly cash dividend to $0.34 per share, payable on September 25, 2024. This marks the 41st consecutive quarter of dividend payments and the 6th consecutive year of dividend increases. The company's CEO, Michael Happe, stated that this increase demonstrates the Board's confidence in Winnebago's future and commitment to shareholder value. Winnebago, a leading outdoor lifestyle product manufacturer, produces motorhomes, travel trailers, powerboats, and pontoons under various brands. The company's strong balance sheet and cash flows enable it to invest in growth while maintaining a balanced capital allocation approach.
Positive
- 10% increase in quarterly dividend to $0.34 per share
- 41 consecutive quarters of dividend payments
- 6 consecutive years of dividend increases
- Strong balance sheet and cash flows
- Ability to invest in profitable growth while maintaining shareholder returns
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, WGO gained 0.36%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Winnebago Industries has paid a quarterly dividend for 41 consecutive quarters and has increased the quarterly dividend in each of the past 6 years.
EDEN PRAIRIE, Minn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading outdoor lifestyle product manufacturer, today announced that the company’s Board of Directors approved a quarterly cash dividend of
“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.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit www.winnebagoind.com/investors.
Contacts
Investors: Ray Posadas ir@winnebagoind.com
Media: Daniel Sullivan media@winnebagoind.com
FAQ
When will Winnebago Industries (WGO) pay its next dividend?
How much did Winnebago Industries (WGO) increase its dividend?
How long has Winnebago Industries (WGO) been paying dividends?
Has Winnebago Industries (WGO) consistently increased its dividend?
