Winnebago Industries, Inc. Announces Quarterly Dividend of $0.35 (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) announced a quarterly dividend on Friday, May 15th. Stockholders 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 dividend yield of 5.1%. The ex-dividend date is Wednesday, June 10th.

Winnebago Industries has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 6 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 Performance

Winnebago Industries stock opened at $27.67 on Monday. The company’s 50-day moving average price is $30.98 and its 200-day moving average price is $37.58. Winnebago Industries has a twelve month low of $27.29 and a twelve month high of $50.16. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. 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 results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $657.40 million for 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%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. On average, equities research analysts forecast that Winnebago Industries will post 2.34 EPS for the current fiscal year.

Winnebago Industries Company Profile

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.