Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, September 9th will be given a dividend of 0.36 per share by the RV manufacturer on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Wednesday, September 9th. This is a 2.9% increase from Winnebago Industries’s previous quarterly dividend of $0.35.
Winnebago Industries has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Winnebago Industries has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Winnebago Industries to earn $2.46 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 58.5%.
Winnebago Industries Price Performance
WGO stock opened at $30.99 on Monday. The business has a 50 day moving average price of $31.03 and a 200 day moving average price of $32.12. Winnebago Industries has a fifty-two week low of $26.80 and a fifty-two week high of $50.16. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. The stock has a market cap of $876.09 million, a price-to-earnings ratio of 22.79 and a beta of 1.12.
About Winnebago Industries
Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.
In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.
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