Winnebago Industries, Inc. (NYSE:WGO) declared a quarterly dividend on Wednesday, March 14th, RTT News reports. Stockholders of record on Wednesday, April 11th will be paid a dividend of 0.10 per share by the construction company on Wednesday, April 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.91%.
Winnebago Industries has increased its dividend payment by an average of 64.4% annually over the last three years. Winnebago Industries has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Winnebago Industries to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.8%.
Shares of Winnebago Industries (WGO) traded down $0.15 during midday trading on Wednesday, hitting $43.75. The stock had a trading volume of 346,150 shares, compared to its average volume of 827,306. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.88 and a quick ratio of 1.03. Winnebago Industries has a one year low of $24.15 and a one year high of $58.65. The company has a market cap of $1,396.04, a P/E ratio of 17.86 and a beta of 1.77.
Several analysts recently issued reports on the company. ValuEngine downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird restated an “outperform” rating and issued a $60.00 price target (up from $52.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Northcoast Research downgraded Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th. They noted that the move was a valuation call. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, BMO Capital Markets upgraded Winnebago Industries from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $58.00 to $60.00 in a research note on Tuesday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Winnebago Industries presently has a consensus rating of “Buy” and a consensus target price of $53.17.
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Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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