The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Tue Nov 22, 2016
ELKHART, Indiana - Drew Industries, Inc. has announced that its Board of Directors approved, at its Nov. 17 meeting, an increase in the amount of the Company's regular quarterly cash dividend to $0.50 per share from $0.30 per share of common stock.
The regular dividend is payable on Dec. 9, to stockholders of record at the close of business on Nov. 28.
"This increase to our regular quarterly dividend demonstrates the Board of Directors' and management's continued confidence in the company's consistent financial performance, as well as our optimistic outlook as we approach 2017," Drew CEO Jason Lippert says. "Our strong balance sheet and consistent cash flow thus far through 2016 positions us to continue the successful execution of our strategy to grow sales through acquisitions, greater market share and innovative new products, as well as enable us to return more cash to shareholders."