Winnebago Industries, Inc. (NYSE:WGO) Plans 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) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Wednesday, September 10th will be given a dividend of 0.35 per share by the construction company on Wednesday, September 24th. This represents a c) annualized dividend and a dividend yield of 4.1%. 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 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 $1.36 annual dividend with an expected future payout ratio of 29.1%.

Winnebago Industries Trading Down 0.0%

Shares of WGO stock traded down $0.02 during trading hours on Thursday, hitting $34.40. 555,165 shares of the company's stock traded hands, compared to its average volume of 606,232. The stock's 50 day simple moving average is $31.30 and its 200 day simple moving average is $34.77. The stock has a market cap of $964.13 million, a PE ratio of -58.30 and a beta of 1.06. Winnebago Industries has a 12 month low of $28.00 and a 12 month high of $65.65. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The business had revenue of $775.10 million during the quarter, compared to the consensus estimate of $808.15 million. During the same quarter last year, the firm earned $1.13 earnings per share. Winnebago Industries's quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after acquiring an additional 720 shares in the last quarter. Versant Capital Management Inc grew its stake in Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after acquiring an additional 622 shares in the last quarter. Parallel Advisors LLC grew its stake in Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after acquiring an additional 711 shares in the last quarter. Signaturefd LLC purchased a new position in Winnebago Industries during the first quarter valued at approximately $31,000. Finally, GAMMA Investing LLC grew its stake in Winnebago Industries by 62.8% during the second quarter. GAMMA Investing LLC now owns 1,123 shares of the construction company's stock valued at $33,000 after acquiring an additional 433 shares in the last quarter.

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.

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