Winnebago Industries, Inc. (WGO) to Issue Quarterly Dividend of $0.35 on April 29th

Winnebago Industries, Inc. (NYSE:WGO) announced a quarterly dividend on Wednesday, March 18th. Investors of record on Wednesday, April 15th will be given a dividend of 0.35 per share by the RV manufacturer on Wednesday, April 29th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, April 15th.

Winnebago Industries has increased its dividend payment by an average of 0.3%annually 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Winnebago Industries to earn $4.67 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 30.0%.

Winnebago Industries Stock Performance

NYSE:WGO opened at $33.14 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.69 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $43.27 and its 200 day simple moving average is $38.78. The stock has a market cap of $935.16 million, a P/E ratio of 25.89 and a beta of 1.14. Winnebago Industries has a twelve month low of $28.00 and a twelve month high of $50.16.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 19th. The RV manufacturer reported $0.38 EPS for the quarter, topping the consensus estimate of $0.12 by $0.26. Winnebago Industries had a net margin of 1.27% and a return on equity of 4.83%. The business had revenue of $702.70 million during the quarter, compared to analyst estimates of $628.51 million. During the same period in the prior year, the business earned ($0.03) EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on WGO. KeyCorp reissued a “sector weight” rating on shares of Winnebago Industries in a research note on Monday, December 22nd. Griffin Securities set a $40.00 target price on Winnebago Industries in a report on Tuesday, December 23rd. Roth Mkm increased their target price on Winnebago Industries from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, December 22nd. Benchmark raised their target price on Winnebago Industries from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Finally, DA Davidson lifted their price target on Winnebago Industries from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Hold” and an average price target of $42.80.

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.