Winnebago Industries Increases Quarterly Dividend By 15%

Lifestyle product manufacturer Winnebago Industries, Inc WGO Board of Directors declared a quarterly cash dividend of $0.31 per share, representing a 15% increase, or $0.04 per share, from the previous quarter.

The dividend is payable on September 27, 2023, to common stockholders of record at the close of business on September 13, 2023.

With the latest payout, the company 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.

"This dividend increase underscores our confidence in the long-term strength and trajectory of our business," said President and CEO Michael Happe.

Winnebago held $225.9 million in cash and equivalents as of May 27, 2023.

Price Action: WGO shares closed lower by 1.06% at $63.62 on Wednesday.