Vehicle components supplier LCI Industries (LCII) will raise its quarterly dividend by ten percent to $0.55 per share in Q4 of 2017.

The increased dividend is payable on December 1, 2017, to stockholders of record at the close of business on November 17, 2017. The new dividend yield for LCII is 1.9%.

 "This increase to our regular quarterly dividend demonstrates the Board of Directors' and management's continued confidence in the Company's consistent financial performance and long term strategy, as well as our optimistic outlook as we approach 2018," said LCI's CEO, Jason Lippert.

LCI Industries, formerly Drew Industries, supplies components for original equipment manufacturers of recreational vehicles; buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing through its wholly-owned subsidiary, Lippert Components Inc. The Company also supplies components to the related aftermarkets of these industries primarily by selling to retail dealers, wholesale distributors and service centers.