: Winnebago approves 15% dividend hike

RV giant Winnebago Industries Inc. on Wednesday said its board of directors approved a quarterly cash dividend of 31 cents a share, a 15% increase from the prior quarter. The increase, Chief Executive Michael Happe said in a statement, “underscores our confidence in the long-term strength and trajectory of our business,” but he noted “dynamic market conditions.” Shares dipped 0.2% after hours on Wednesday. The announcement follows weaker trends in RV demand. Winnebago’s sales tumbled in its third quarter.

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