THOR Industries' Board of Directors approved an increase in the regular quarterly cash dividend to $0.50 per share. This represents a 4.2% increase from the previous quarterly dividend amount of $0.48 per share. The dividend is payable on November 15, 2024, to shareholders of record at the close of business on November 1, 2024.
This dividend increase marks the 15th consecutive year that THOR Industries has raised its regular quarterly dividend. The consistent increase in dividends reflects the company's commitment to returning capital to shareholders. This action also signals management's confidence in the company's financial stability and future cash flow generation.
The decision to increase the dividend underscores THOR's balanced approach to capital allocation, which includes reducing indebtedness, funding organic growth, and opportunistically pursuing acquisitions. This move is a direct benefit to shareholders, providing an enhanced income stream.
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