Winnebago Industries, Inc. (WGO) to Issue Quarterly Dividend of $0.35 on June 24th

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

Winnebago Industries has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Winnebago Industries has a payout ratio of 33.9% meaning its dividend is sufficiently covered by earnings. 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

Winnebago Industries stock opened at $27.67 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. Winnebago Industries has a 52 week low of $27.29 and a 52 week high of $50.16. The firm has a market cap of $782.32 million, a P/E ratio of 18.83 and a beta of 1.12. The business’s fifty day moving average is $30.98 and its two-hundred day moving average is $37.58.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after purchasing an additional 364 shares during the last quarter. Clearstead Advisors LLC acquired a new position in Winnebago Industries during the fourth quarter valued at approximately $35,000. Hantz Financial Services Inc. lifted its position in shares of Winnebago Industries by 825.4% in the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after buying an additional 1,073 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after buying an additional 309 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of Winnebago Industries by 3,661.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,558 shares of the RV manufacturer’s stock valued at $104,000 after buying an additional 2,490 shares during the last quarter.

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.