The Thor Industries, Inc. Board of Directors approved the payment of a regular quarterly cash dividend of $0.52 per share.
The dividend is a 4% increase from the 50 cents a share paid to shareholders July 15.
The regular cash dividend is payable Nov. 6 to shareholders of record at the close of business Oct. 23.
The company has 52.63 million shares outstanding, according to Yahoo Finance.
The dividend payment will return $27.37 million to shareholders.
At the same rate over a full year, Thor Industries would distribute $109.47 million to its shareholders.
The dividend increase is the 16th consecutive year Thor Industries has raised its dividend during the fall. When the manufacturer launched a dividend early in its founding, the payment was 1 cent per share.
The 2-cent increase will boost the RV manufacturer’s payment to shareholders by $770,000 for the quarter and by $3.07 million annually.
Thor Industries has the second-highest dividend payment among publicly traded RV industry companies. Only Lippert’s dividend, at $1.15 per share, is higher, although the total payment return to shareholders is similar. Lippert has approximately 25.24 million shares outstanding and returned approximately $29.03 million to shareholders in September.
