Thor Industries, Inc. (NYSE:THO – Get Free Report) announced a quarterly dividend on Tuesday, March 24th. Investors of record on Monday, April 6th will be paid a dividend of 0.52 per share by the RV manufacturer on Monday, April 20th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, April 6th.
Thor Industries has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Thor Industries has a dividend payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Thor Industries to earn $6.22 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 33.4%.
Thor Industries Stock Performance
THO stock opened at $77.24 on Friday. Thor Industries has a 1-year low of $63.15 and a 1-year high of $122.83. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.06 billion, a PE ratio of 23.99, a P/E/G ratio of 1.50 and a beta of 1.45. The business’s 50-day moving average price is $97.85 and its two-hundred day moving average price is $102.77.
Thor Industries Company Profile
Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.
Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.
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