Thor Industries, Inc. (THO) will raise its quarterly dividend by 12.1 percent to $0.37 per share in the fourth quarter of 2018. This marks the 8th consecutive year of double digit dividend increases by the recreational vehicle maker since 2010.

The regular dividend is payable on November 7, 2017, to shareholders of record at the close of business on October 24, 2017. The ex-date for this next dividend of 37 cents is October 23, 2017.

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. THOR became a publicly traded company in 1984 and was later listed on the New York Stock Exchange in 1986. THOR Industries has paid a dividend to shareholders every year since at least 1989. The company was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream.