Winnebago Industries Announces 10% Increase in Quarterly Cash Dividend
Winnebago Industries, Inc. (NYSE:WGO), a prominent manufacturer of outdoor lifestyle products, has revealed that its Board of Directors has approved a quarterly cash dividend of $0.34 per share. This dividend will be distributed to common stockholders who are on record as of the close of business on the 11th of the following month. The latest dividend declaration marks a 10 percent increase, which translates to an additional $0.03 per share compared to the previous quarter.
Michael Happe, the president and CEO of Winnebago Industries, stated, “Raising the quarterly dividend in today’s economic climate reflects the Board’s confidence in our future, our dedication to enhancing shareholder value, and the robustness of the outdoor recreation sector. Our solid balance sheet and strong cash flows enable us to invest in profitable growth while maintaining a balanced approach to capital allocation that consistently benefits our shareholders.”
With this latest announcement, Winnebago Industries has successfully paid a quarterly cash dividend to its common stockholders for 41 straight quarters.
“We are committed to fostering a high-performing culture that fulfills our mission to elevate every outdoor moment for our customers,” Happe added.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products, operating under the brands Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta. These products are primarily used for leisure travel and outdoor recreation. The company produces high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Winnebago Industries is dedicated to promoting sustainable innovation and utilizes vertical integration in key component areas, with multiple facilities located across several states. The company's common stock is traded on the New York Stock Exchange under the symbol WGO. For more information on Winnebago Industries' investor relations or to subscribe to an automatic email list for company news releases, please 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.