LCI Industries (LCII) will raise its quarterly dividend by 9.1 percent to $0.60 per share in the second quarter of 2018.

The dividend is payable on June 15, 2018, to stockholders of record at the close of business on June 4, 2018 and the new dividend yields 2.7% based on the annual amount of $2.40 pe share.

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.