Winnebago Industries Approves 10% Dividend Increase
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Winnebago Industries Approves 10% Increase to Quarterly Cash Dividend
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 $0.34 per share. This dividend is payable to common stockholders of record at the close of business on the 11th of the month that follows. Today’s dividend declaration represents a 10 percent 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 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 prominent North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta brands, utilized 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 crucial component areas, Winnebago Industries operates multiple facilities across several states. 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.
Company Contacts
Investors
Ray Posadas, ir@winnebagoind.com
Media
Daniel Sullivan, media@winnebagoind.com
Frequently Asked Questions
What is the new dividend amount announced by Winnebago Industries?
The new quarterly cash dividend is $0.34 per share, reflecting a 10% increase.
How often has Winnebago Industries paid dividends?
Winnebago Industries has paid dividends for 41 consecutive quarters.
Who is the CEO of Winnebago Industries?
The CEO is Michael Happe, who emphasizes the company’s commitment to shareholder value.
What products does Winnebago Industries manufacture?
Winnebago Industries manufactures motorhomes, travel trailers, and various outdoor lifestyle products.
Where can I find more information about Winnebago Industries?
More information can be found on their investor relations website at www.winnebagoind.com/investors.
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