LCI Industries’ Board of Directors approved a regular quarterly cash dividend. For the first time since 2016 the RV supplier will not raise its dividend price during the calendar year.
The dividend will pay $1.05 per share of common stock, the same price paid in February, May and August.
The dividend is payable Dec. 15 to stockholders of record at the close of business Dec. 1.
Lippert has about 25.32 million shares outstanding, according to Yahoo Finance. The dividend will return about $26.586 million to shareholders.
Lippert had raised its cash dividend annually since 2017. The increase typically happened in May. The two exceptions were 2020 and 2017, when Lippert raised its dividend in August (2020) and November (2017).
Lippert supplies highly engineered components for original equipment manufacturers in the RV and transportation product markets, as well as the related industry aftermarkets.