Winnebago Industries, Inc. (NYSE:WGO) Declares Dividend Increase - $0.35 Per Share

Key Points

• Winnebago Industries, Inc. announced a quarterly dividend increase to $0.35 per share, up 2.9% from the previous $0.34, effective for stockholders of record on September 10th.
• The company's dividend payout ratio stands at 32.9%, suggesting that the dividend is well-covered by earnings, with a projected future payout ratio of 29.1% expected next year.
• For the most recent quarter, Winnebago reported $0.81 earnings per share, exceeding estimates, although revenue decreased by 1.4% year-over-year to $775.10 million.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) announced a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Wednesday, September 10th will be paid a dividend of 0.35 per share by the construction company on Wednesday, September 24th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, September 10th. This is a 2.9% increase from Winnebago Industries's previous quarterly dividend of $0.34.

Winnebago Industries has a dividend payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Winnebago Industries to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.1%.

Winnebago Industries Stock Up 2.0%

WGO traded up $0.6780 during midday trading on Tuesday, reaching $34.8980. The company's stock had a trading volume of 185,447 shares, compared to its average volume of 764,280. Winnebago Industries has a 1 year low of $28.00 and a 1 year high of $65.65. The stock's 50-day moving average is $31.34 and its 200-day moving average is $34.40. The firm has a market capitalization of $978.19 million, a price-to-earnings ratio of -59.04 and a beta of 1.06. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The firm had revenue of $775.10 million for the quarter, compared to analysts' expectations of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, research analysts expect that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.