LCI Industries’ Board of Directors approved a regular quarterly cash dividend.
A dividend of $1.05 per share of common stock will be payable June 16 to stockholders of record at the close of business June 2.
According to Yahoo Finance, LCI Industries has about 25.3 million shares outstanding. The dividend payment will cost LCI Industries about $26.565 million.
Lippert has raised its cash dividend each year since 2017. Typically, the increase comes in May after reporting first-quarter earnings. The two years in which that was not the case, 2020 and 2017, Lippert raised its dividend in August (2020) and November (2017).
Lippert supplies, domestically and internationally, a broad array of highly engineered components for the leading original equipment manufacturers in the RV and transportation product markets, and the related aftermarkets of those industries.
