Winnebago Industries hikes dividend by 14.8% to $0.31 quarterly per share

On August 16, 2023,Winnebago Industries, Inc. (WGO) announced a 14.8% dividend hike to a new record high of $0.31 quarterly per share. This marks the 8th consecutive year of dividend increases by the motorhome maker. The dividend yield for WGO was 1.7% prior to this new dividend hike.

Winnebago Industries, Inc. (NYSE:WGO), a leading outdoor lifestyle product manufacturer, today announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.31 per share payable on September 27, 2023, to common stockholders of record at the close of business on September 13, 2023. Today’s dividend declaration represents a 15 percent increase, or $0.04 per share, from the previous quarter.

“Our team is focused on serving our customers, operating our business with discipline, and creating sustainable value for our shareholders,” said Michael Happe, Winnebago Industries’ President and Chief Executive Officer. “This dividend increase underscores our confidence in the long-term strength and trajectory of our business. Our diverse portfolio of premium brands across the outdoor recreation industry continues to be resilient and remain a source of optimism for our future.”

With this announcement, Winnebago Industries has paid a quarterly cash dividend to common stockholders of record for the last 37 quarters and has increased the quarterly dividend in each of the last five years.

“We are responding to dynamic market conditions while maintaining our focus on quality, innovation, and service,” said Mr. Happe. “We continue to invest in our high-performing culture and focus on doing good in the communities where our customers and teammates live, work and play.”

Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth-wheel products, pontoon boats, inboard/outboard and sterndrive powerboats, and commercial community outreach vehicles. Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota, and Florida.