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

Winnebago Industries, Inc. (NYSE:WGO) announced a quarterly dividend on Friday, May 15th. Shareholders 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 yield of 5.1%. The ex-dividend date of this dividend is Wednesday, June 10th.

Winnebago Industries has raised its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Winnebago Industries has a dividend payout ratio of 33.9% indicating that 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 Trading Down 0.1%

NYSE WGO opened at $27.67 on Monday. The company has a fifty day simple moving average of $30.98 and a two-hundred day simple moving average of $37.58. The stock has a market cap of $782.32 million, a P/E ratio of 18.83 and a beta of 1.12. Winnebago Industries has a 12-month low of $27.29 and a 12-month high of $50.16. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $657.40 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. On average, analysts forecast that Winnebago Industries will post 2.34 earnings per share for the current year.

Institutional Trading of Winnebago Industries

Several institutional investors have recently modified their holdings of WGO. Royal Bank of Canada grew its position in shares of Winnebago Industries by 5.5% in the first quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock valued at $329,000 after purchasing an additional 498 shares during the period. AQR Capital Management LLC grew its position in shares of Winnebago Industries by 283.0% in the first quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock valued at $2,243,000 after purchasing an additional 48,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Winnebago Industries by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock valued at $568,000 after purchasing an additional 401 shares during the period. First Trust Advisors LP grew its position in shares of Winnebago Industries by 83.9% in the second quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock valued at $1,004,000 after purchasing an additional 15,801 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Winnebago Industries by 142.3% in the second quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock valued at $6,772,000 after purchasing an additional 137,120 shares during the period.

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.