Winnebago Industries’ Board of Directors approved a cash dividend of $0.34 per share.
The dividend will be paid April 30 to shareholders who own stock as of April 16.
Winnebago has about 28.4 million shares outstanding, according to Yahoo Finance. The dividend payment will return $9.656 million to shareholders. At that pace, Winnebago would pay out $38.6 million annually to stockholders.
Winnebago said its approach to managing money provides steady returns to shareholders through dividend payments. The manufacturer has paid a quarterly cash dividend to common stockholders of record for the last 43 quarters.
Michael Happe, Winnebago’s president and chief executive officer, said “Through financial discipline and focused growth initiatives, we continue to strengthen our portfolio of premium brands and enhance shareholder value while solidifying our industry leadership position.”
