Thor Industries (THO) will raise its quarterly dividend by 17.4 percent to $0.27 per share in the fourth quarter of 2014. This marks the fifth consecutive year of double digit dividend increases by the maker of recreational vehicles.

The increased dividend is payable on October 31, 2014, to shareholders of record at the close of business on October 17, 2014. The ex-date for the increased dividend of 27 cents is October 15, 2014.

Thor Industries, Inc. is a manufacturer of recreational vehicles. The Company offers motorhomes, camping, fifth-wheel, and travel trailers. Its brands include Airstream, Bison Coach, Jayco, Keystone and Thor Motor Coach. The company’s vehicles are sold primarily throughout the United States and Canada.