Thor Industries declares quarterly dividend of $0.50 per share

NEW YORK - Thor Industries, Inc. (NYSE:THO), the world’s largest recreational vehicle manufacturer with a market capitalization of $4.54 billion, announced Wednesday that its Board of Directors has approved a regular quarterly cash dividend of $0.50 per share, representing a 2.35% yield. According to InvestingPro data, the company has maintained dividend payments for an impressive 39 consecutive years.

The dividend will be payable on July 15, 2025, to shareholders of record at the close of business on July 1, 2025, according to a press release statement from the company.

Thor Industries, headquartered in Elkhart, Indiana, maintains its position as the sole owner of operating companies that collectively form the world’s largest manufacturer of recreational vehicles.

The company’s board approved the dividend during its meeting held on Wednesday.

This announcement comes as recreational vehicle manufacturers navigate ongoing market conditions including fluctuating raw material costs and changing consumer demand patterns.

The quarterly dividend represents Thor’s continued commitment to returning value to shareholders while maintaining its operational capabilities in the recreational vehicle manufacturing sector.

In other recent news, Thor Industries reported fiscal third-quarter 2025 results that exceeded expectations, with shipments and margins surpassing retail projections. Despite the strong performance, the company maintained its fiscal year 2025 guidance, reflecting caution amid ongoing macroeconomic uncertainties. Analysts from Citi increased their price target for Thor Industries to $88 from $74, citing the company’s robust third-quarter performance, while maintaining a Neutral rating. Similarly, Truist Securities raised their price target to $86 from $78, maintaining a Hold rating, and noted stable retail trends for April and May. BMO Capital reiterated an Outperform rating, acknowledging Thor’s leverage in its business model despite a conservative outlook for fiscal year 2026. KeyBanc, however, maintained an Underweight rating with a $65 price target, pointing to macroeconomic challenges and a pressured retail environment. Thor Industries’ management expressed caution about the near-term outlook, emphasizing strategic inventory increases to regain market share.

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