LCI Industries’ Board of Directors approved a regular quarterly cash dividend of $1.05 per share of common stock.
The dividend is payable March 24, 2023, to stockholders of record at the close of business March 10, 2023.
With 25.43 million shares outstanding, according to Marketwatch, the dividend payment will return $26.7 million to shareholders.
The dividend matches the quarterly dividend issued in April. Lippert raised its dividend 17% from 90 cents a share in May. At its previous dividend price, Lippert’s dividend would have cost $22.89 million, a difference of $3.8 million.
Lippert supplies, domestically and internationally, highly engineered components for original equipment manufacturers in the RV and transportation product markets, as well as the related industry aftermarkets.
