Winnebago Industries Board of Directors Approves 9% Increase to Quarterly Cash Dividend

Rhea-AI Summary

Winnebago Industries, Inc. (NYSE: WGO) announced a quarterly cash dividend of $0.12 per share, reflecting a 9% increase from the previous quarter. This dividend, payable on September 30, 2020, is to common stockholders on record by September 16, 2020. Winnebago has consistently paid dividends for the last 25 quarters. CFO Bryan Hughes expressed confidence in the company's financial strength and growth potential despite the challenges posed by the COVID-19 pandemic, emphasizing a continued consumer interest in outdoor lifestyles.

Positive

• Quarterly cash dividend increased by 9% to $0.12 per share.
• Consistent dividend payment history for 25 consecutive quarters.
• Leadership expresses strong financial position and confidence in company growth.

Negative

• None.

FOREST CITY, Iowa, Aug. 19, 2020 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading outdoor lifestyle product manufacturer, today announced that on August 19, 2020, the Company’s Board of Directors approved a quarterly cash dividend of $0.12 per share payable on September 30, 2020, to common stockholders of record at the close of business on September 16, 2020. Today’s dividend declaration represents a 9% or $0.01 per share increase from the previous quarter.

With this announcement, Winnebago Industries has paid a quarterly cash dividend to common stockholders of record for the last 25 quarters.

Winnebago Industries Chief Financial Officer Bryan Hughes stated, “We are pleased to enhance the dividend for our shareholders, and this move reflects our strong financial position and our confidence in the trajectory of our company’s performance, despite the challenges presented by the COVID-19 pandemic. Our products enable people to enjoy an active outdoor lifestyle in a safe manner with family and friends, and we believe this trend will continue and the pursuit of the outdoors will continue to resonate with consumers.”

About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Newmar and Chris-Craft brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats. Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company's common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.

Steve Stuber - Investor Relations - 952-828-8461 - srstuber@wgo.net
Media Contact: Sam Jefson - Public Relations Specialist - 641-585-6803 - sjefson@wgo.net

FAQ

What is the dividend amount announced by Winnebago Industries?

Winnebago Industries announced a quarterly cash dividend of $0.12 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 30, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is September 16, 2020.

How much has Winnebago increased its dividend this quarter?

Winnebago increased its dividend by 9% compared to the previous quarter.

How long has Winnebago Industries been paying dividends?

Winnebago Industries has been paying dividends for the last 25 quarters.