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Winnebago Industries (WGO) will raise its quarterly dividend by 10.0 percent to $0.11 per share in the first quarter of 2019.

The increased dividend is payable on January 23, 2019, to common stockholders of record at the close of business on January 9, 2019. Winnebago’s current annualized dividend rate of $0.44 per share yields an estimated 1.9% at a stock price of $23.03.

Winnebago Industries, Inc. is a leading U.S. manufacturer of outdoor lifestyle products under the Winnebago, Grand Design and Chris-Craft brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats. Winnebago Industries has multiple facilities in Iowa, Indiana, Oregon, Minnesota and Florida.