Thor Industries, Inc.’s Board of Directors approved the payment of a regular quarterly cash dividend of $0.45 per share. The dividend is up about 5% from 0.43 per share last quarter.
Thor Industries has about 53.7 million shares outstanding, meaning the dividend payment will cost the company about $24.2 million a quarter, or $96.6 million in the next year.
The board made the decision at its Oct. 12 meeting.
The regular cash dividend is payable Nov. 9 to shareholders of record at the close of business Oct. 26.
Each fall since 2010, the RV manufacturer increased its quarterly dividend.
