Winnebago Industries, Inc.’s board of directors has approved a quarterly cash dividend of $0.35 per share.
The dividend is payable Sept. 24 to common stockholders of record at the close of business Sept. 10.
The dividend declaration represents a 3% increase, or 1 cent per share, from the previous quarter.
Winnebago President and CEO Michael Happe said with over 11 years of uninterrupted quarterly dividend payments, the company is committed to creating value for shareholders.
“Our strategy remains firmly focused on establishing sustainable long-term success through relentless excellence, purposeful innovation and exceptional customer experiences,” he said. “By consistently returning cash to our shareholders while driving profitable growth over time, we are reaffirming our confidence in our future.”
Winnebago Industries has 28.03 million shares outstanding, according to Yahoo Finance.
The dividend payment will return $9.81 million to shareholders.
At the same rate over the full year, Winnebago Industries would distribute $39.24 million to its shareholders.
