LCI Industries Declares Quarterly Cash Dividend

Rhea-AI Summary

LCI Industries (NYSE: LCII), a supplier of engineered components for recreation and transportation markets, has announced a quarterly cash dividend of $1.15 per share of common stock. The dividend will be paid on March 21, 2025, to stockholders of record as of the close of business on March 7, 2025.

Positive

• Maintained quarterly dividend of $1.15 per share, showing financial stability
• Continued commitment to shareholder returns through dividend payments

Negative

• None.

ELKHART, Ind.--(BUSINESS WIRE)-- LCI Industries (NYSE: LCII), a leading supplier of engineered components to the recreation and transportation markets, today announced that its Board of Directors approved a regular quarterly cash dividend of $1.15 per share of common stock.

The dividend is payable on March 21, 2025, to stockholders of record at the close of business on March 7, 2025.

About LCI Industries

LCI Industries (NYSE: LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. For more information, visit www.lippert.com.

Forward-Looking Statements

This press release contains certain "forward-looking statements" with respect to our financial condition, results of operations, profitability, margin growth, business strategies, operating efficiencies or synergies, competitive position, growth opportunities, acquisitions, plans and objectives of management, markets for the Company's common stock, the impact of legal proceedings, and other matters. Statements in this press release that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and involve a number of risks and uncertainties.

Forward-looking statements, including, without limitation, those relating to production levels, future business prospects, net sales, expenses and income (loss), capital expenditures, tax rate, cash flow, financial condition, liquidity, covenant compliance, retail and wholesale demand, integration of acquisitions, R&D investments, commodity prices, addressable markets, and industry trends, whenever they occur in this press release are necessarily estimates reflecting the best judgment of the Company's senior management at the time such statements were made. There are a number of factors, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include, in addition to other matters described in this press release, the impacts of future pandemics, geopolitical tensions, armed conflicts, or natural disasters on the global economy and on the Company's customers, suppliers, employees, business and cash flows, pricing pressures due to domestic and foreign competition, costs and availability of, and tariffs on, raw materials (particularly steel and aluminum) and other components, seasonality and cyclicality in the industries to which we sell our products, availability of credit for financing the retail and wholesale purchase of products for which we sell our components, inventory levels of retail dealers and manufacturers, availability of transportation for products for which we sell our components, the financial condition of our customers, the financial condition of retail dealers of products for which we sell our components, retention and concentration of significant customers, the costs, pace of and successful integration of acquisitions and other growth initiatives, availability and costs of production facilities and labor, team member benefits, team member retention, realization and impact of expansion plans, efficiency improvements and cost reductions, the disruption of business resulting from natural disasters or other unforeseen events, the successful entry into new markets, the costs of compliance with environmental laws, laws of foreign jurisdictions in which we operate, other operational and financial risks related to conducting business internationally, and increased governmental regulation and oversight, information technology performance and security, the ability to protect intellectual property, warranty and product liability claims or product recalls, interest rates, oil and gasoline prices, and availability, the impact of international, national and regional economic conditions and consumer confidence on the retail sale of products for which we sell our components, and other risks and uncertainties discussed more fully under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company's subsequent filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. The Company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250219730217/en/

Lillian D. Etzkorn, CFO

(574) 535-1125

LCII@lci1.com

Source: LCI Industries

FAQ

What is the dividend amount for LCII stock in March 2025?

LCI Industries (LCII) has declared a quarterly cash dividend of $1.15 per share of common stock for March 2025.

When is the ex-dividend date for LCII's March 2025 dividend?

The record date is March 7, 2025. The ex-dividend date would be one business day before the record date.

When will LCII pay its next quarterly dividend?

LCI Industries will pay its quarterly dividend on March 21, 2025.

Who is eligible for LCII's March 2025 dividend payment?

Stockholders who own LCII shares at the close of business on March 7, 2025 (the record date) will be eligible for the dividend payment.

What is the annual dividend yield for LCII based on the current quarterly payment?

The annual dividend would be $4.60 per share ($1.15 quarterly x 4), but the yield percentage depends on the current stock price.