Winnebago Industries, Inc. (WGO) to Issue Quarterly Dividend of $0.35 on June 24th

Winnebago Industries, Inc. (NYSE:WGO) announced a quarterly dividend on Friday, May 15th. Investors of record on Wednesday, June 10th will be given a dividend of 0.35 per share by the RV manufacturer on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, June 10th.

Winnebago Industries has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Winnebago Industries has a payout ratio of 33.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Winnebago Industries to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 47.3%.

Winnebago Industries Stock Down 0.1%

WGO opened at $27.67 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. Winnebago Industries has a 1 year low of $27.29 and a 1 year high of $50.16. The firm has a 50 day moving average price of $30.98 and a 200 day moving average price of $37.58. The company has a market cap of $782.32 million, a PE ratio of 18.83 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. Winnebago Industries’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. Sell-side analysts expect that Winnebago Industries will post 2.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Allianz Asset Management GmbH grew its holdings in Winnebago Industries by 30.8% during the third quarter. Allianz Asset Management GmbH now owns 54,597 shares of the RV manufacturer’s stock worth $1,826,000 after acquiring an additional 12,872 shares during the period. Fox Run Management L.L.C. acquired a new position in Winnebago Industries during the third quarter worth about $1,093,000. Royce & Associates LP acquired a new position in Winnebago Industries during the third quarter worth about $6,838,000. Gamco Investors INC. ET AL grew its holdings in Winnebago Industries by 55.6% during the third quarter. Gamco Investors INC. ET AL now owns 225,429 shares of the RV manufacturer’s stock worth $7,538,000 after acquiring an additional 80,559 shares during the period. Finally, UBS Group AG grew its holdings in Winnebago Industries by 224.7% during the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after acquiring an additional 937,140 shares during the period.

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.