Winnebago Industries, Inc. (WGO) to Issue Quarterly Dividend of $0.35 on April 29th

Winnebago Industries, Inc. (NYSE:WGO) announced a quarterly dividend on Wednesday, March 18th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.35 per share by the RV manufacturer on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 15th.

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 dividend payout ratio of 33.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Winnebago Industries to earn $4.67 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 30.0%.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $33.01 on Monday. The firm’s 50-day moving average price is $38.63 and its 200-day moving average price is $38.57. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The company has a market cap of $933.15 million, a PE ratio of 22.46 and a beta of 1.20. Winnebago Industries has a 52-week low of $28.00 and a 52-week high of $50.16.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $657.40 million for the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. As a group, analysts anticipate that Winnebago Industries will post 3.41 EPS for the current 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.