LCI Industries' Board of Directors approved a new $300 million stock repurchase program, effective over the next three years. This authorization reflects the Board's commitment to strategic capital deployment aimed at enhancing shareholder value and underscores confidence in the company's long-term growth strategy.
The company plans to fund repurchases from its existing cash and cash equivalents, future cash flows, and its existing revolving line of credit. The timing and number of share repurchases will depend on market conditions and other factors, with transactions occurring in the open market or through privately negotiated deals.
Concurrently, the Board declared a regular quarterly cash dividend of $1.15 per share of common stock. This dividend is payable on June 13, 2025, to stockholders of record at the close of business on May 30, 2025, maintaining the company's consistent payout to shareholders.
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