Thor Industries hikes dividend for 15th year

4.2% dividend hike by the Airstream maker

THOR Industries, Inc. (THO) announced that it will raise its quarterly dividend by 4.2% to $0.50 quarterly per share. This marks 15 consecutive years of dividend growth with a 5 year CAGR of 4.6% for the manufacturer of recreational vehicles. The dividend yield for THO is 1.8% at a stock price of $107.55. 

The regular cash dividend is payable on November 15, 2024, to shareholders of record at the close of business on November 1, 2024. Last week we discussed European peer Trigano Group from France, being one of our Focus stocks.

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.

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