Winnebago Industries raises quarterly dividend by 3 percent

EDEN PRAIRIE, Minn. - Winnebago Industries, Inc. (NYSE:WGO), a recreational vehicle manufacturer with a market capitalization of approximately $965 million and current dividend yield of 3.95%, announced Thursday that its Board of Directors approved a quarterly cash dividend of $0.35 per share, representing a 3 percent increase from the previous quarter.

The dividend will be payable on September 24, 2025, to common stockholders of record at the close of business on September 10, 2025. The increase amounts to an additional $0.01 per share compared to the previous quarterly payment.

The outdoor lifestyle product manufacturer has now paid quarterly dividends for 45 consecutive quarters and has increased its dividend in each of the past seven years. According to InvestingPro data, Winnebago has maintained consistent dividend payments for 12 consecutive years, demonstrating strong commitment to shareholder returns despite market cycles.

"As part of our disciplined long-term capital allocation approach, Winnebago Industries’ track record of 11-plus years of uninterrupted quarterly dividend payments reflects our commitment to creating value for shareholders," said Michael Happe, President and CEO of Winnebago Industries.

Winnebago Industries manufactures recreational vehicles and marine products under several brands including Grand Design RV, Newmar, Winnebago, Baretta and Chris-Craft. The company also produces lithium power solutions under the Lithionics brand.

The company operates multiple facilities across Indiana, Iowa, Minnesota and Florida, according to the press release statement.

In other recent news, Winnebago Industries has announced a restructuring of its leadership team, effective September 1, 2025. The company is organizing its business into three main groups: Marine, Motorized RV, and Towable RV. Jeff Haradine will lead the Marine Group while continuing his role as President of Barletta Boats, and Steve Heese will remain President of Chris-Craft and SVP of Power Systems. In another development, Jacqueline D. Woods has resigned from the board of directors following a change in her principal employment, with her resignation being effective immediately upon acceptance by the board.

Additionally, BMO Capital has lowered its price target for Winnebago Industries from $60 to $42, maintaining an Outperform rating. This adjustment follows the company’s fiscal third-quarter 2025 results, which were in line with preliminary figures but included a reduction in full-year guidance. Benchmark also adjusted its price target to $42 from $60, citing soft demand, while maintaining a Buy rating. Both analyst firms’ actions reflect the company’s recent financial performance and market conditions.

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