Winnebago Industries Board of Directors Approves Quarterly Cash Dividend

Rhea-AI Summary

Winnebago Industries (NYSE:WGO) has announced that its Board of Directors approved a quarterly cash dividend of $0.31 per share, payable on June 26, 2024, to shareholders of record as of June 12, 2024.

This marks the 40th consecutive quarter that Winnebago has paid a dividend. According to President and CEO Michael Happe, this decision reflects the board's confidence in the company's long-term outlook and robust financial position. Winnebago Industries is a leading North American manufacturer of outdoor lifestyle products, with multiple brands and facilities across the U.S.

Positive

• Quarterly dividend of $0.31 per share announced.
• 40 consecutive quarters of dividend payments.
• Board's confidence in long-term business outlook.
• Strong financial position highlighted by the CEO.
• Commitment to disciplined capital allocation strategy.

Negative

• None.

Winnebago Industries has paid a quarterly dividend for 40 consecutive quarters

EDEN PRAIRIE, Minn., May 15, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading outdoor lifestyle product manufacturer, today announced that the company’s Board of Directors approved a quarterly cash dividend of $0.31 per share payable on June 26, 2024, to common stockholders of record at the close of business on June 12, 2024.

With this announcement, Winnebago Industries has paid a quarterly cash dividend to common stockholders of record for the last 40 quarters.

“This dividend underscores the Board’s confidence in the long-term outlook for our business and our strong financial position as we build an even more competitive and formidable company,” said President and Chief Executive Officer Michael Happe. “We remain committed to a disciplined capital allocation strategy designed to reward shareholders who share that confidence.”

About Winnebago Industries

Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, 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.

Contacts

Investors: Ray Posadas ir@winnebagoind.com

Media: Daniel Sullivan media@winnebagoind.com

FAQ

What is the latest dividend announced by Winnebago Industries (WGO)?

Winnebago Industries announced a quarterly cash dividend of $0.31 per share.

When is the next Winnebago Industries (WGO) dividend payment date?

The next dividend payment date is June 26, 2024.

What is the record date for the upcoming Winnebago Industries (WGO) dividend?

The record date is June 12, 2024.

How many consecutive quarters has Winnebago Industries (WGO) paid a dividend?

Winnebago Industries has paid a dividend for 40 consecutive quarters.

What does the latest dividend announcement indicate about Winnebago Industries (WGO)?

The latest dividend announcement indicates the board's confidence in the company's long-term outlook and strong financial position.