Winnebago Industries, Inc. (WGO) will hike its dividend by 50 percent to 18 cents per share quarterly. The next quarterly cash dividend of $0.18 per share is payable on September 29, 2021, to common stockholders of record at the close of business on September 15, 2021.

With this announcement, Winnebago Industries has paid a quarterly cash dividend to common stockholders of record for the last 29 quarters.

“We are pleased to significantly increase the dividend for our shareholders,” said Winnebago Industries Chief Financial Officer Bryan Hughes. “This action further reflects the company’s strong financial position and the sustained appeal of our portfolio of premium outdoor lifestyle brands which leads to a high level of confidence in our future.”

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. Winnebago Industries has paid a dividend to shareholders every year since 2014.