On October 10, 2023, THOR Industries, Inc. (THO) announced that it will raise its quarterly dividend by 6.7% to $0.48 quarterly per share. This marks 14 consecutive years of dividend growth with a 5 year CAGR of 4.2%. The dividend yield for THO is 2.0% at a stock price of $92.20. The next ex-dividend date is October 31, 2023.
THOR Industries, Inc. is a manufacturer of recreational vehicles. The company offers motorhomes, camping, fifth-wheel, and travel trailers. Its brands include Airstream, Bison Coach, Jayco, Keystone and Thor Motor Coach. The company’s vehicles are sold primarily throughout the United States and Canada. THOR became a publicly traded company in 1984 and was later listed on the New York Stock Exchange in 1986. THOR Industries has paid a dividend to shareholders every year since at least 1989. The company was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream.