Winnebago Industries, Inc. (NYSE:WGO) Declares Quarterly Dividend of $0.35

Winnebago Industries, Inc. (NYSE:WGO) announced a quarterly dividend on Friday, May 15th. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.35 per share by the RV manufacturer on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, June 10th.

Winnebago Industries has increased its dividend payment by an average of 0.3%per year 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 research analysts expect Winnebago Industries to earn $2.96 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 47.3%.

Winnebago Industries Price Performance

Shares of WGO opened at $27.67 on Monday. Winnebago Industries has a fifty-two week low of $27.29 and a fifty-two week high of $50.16. The company has a 50 day moving average price of $30.98 and a 200-day moving average price of $37.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. The stock has a market capitalization of $782.32 million, a PE ratio of 18.83 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The company had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $628.00 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Winnebago Industries’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that Winnebago Industries will post 2.34 earnings per share for the current fiscal year.

About Winnebago Industries

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.