Thor Industries, Inc.’s Board of Directors approved, at its Oct. 10, 2023, meeting, a 7% increase in the manufacturer’s regular quarterly dividend.
Thor’s dividend will be $0.48 per share, up from $0.45 per share.
The regular cash dividend is payable Nov. 10, 2023, to shareholders of record at the close of business Nov. 1, 2023.
Thor Industries has about 53.31 million shares outstanding, according to Yahoo Finance. The dividend payment will return about $25.59 million to shareholders.
The increased payment will cost Thor $1.6 million more than paying the 45-cent dividend would have cost.
The increase marks the 14th consecutive fall in which Thor increased its dividend. When the manufacturer launched a dividend early in its founding, the payment was 1 cent per share.
