Thor Industries hikes dividend by 4.7%

On October 12, 2022, THOR Industries, Inc. (THO) announced that it will raise its quarterly dividend by 4.7 percent to 45 cents per share. This comes on the back of a 4.9 percent dividend hike by THO to 43 cents per share in 2021. The recreational vehicle maker has raised its dividend every year since 2010 with 2022 marking the 13th year in a row of dividend increases. 

The next regular cash dividend for THO is payable on November 9, 2022, to shareholders of record at the close of business on October 26, 2022. A new annual rate of $1.80 per share for THO in October 2022 yields 2.3% at a stock price of $80. The next ex-dividend date for THO is October 25, 2022.

THOR Industries, Inc. is a manufacturer of recreational vehicles. The company offers motorhomes, camping, fifth-wheel, and travel trailers. Its brands include Airstream, Bison Coach, Jayco, Keystone and Thor Motor Coach. The company’s vehicles are sold primarily throughout the United States and Canada. THOR became a publicly traded company in 1984 and was later listed on the New York Stock Exchange in 1986. THOR Industries has paid a dividend to shareholders every year since at least 1989. The company was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream.