LCI Industries (LCII) will raise its quarterly dividend by 8.3 percent to $0.65 per share in 2019. This marks the 3rd consecutive year of dividend increases.

The next dividend is payable on June 21, 2019 to stockholders of record at the close of business on June 7, 2019. A new annualized rate of $2.60 per share yields 3% at a stock price of $87.54.

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.