THOR Announces Increased Regular Quarterly Dividend – RVBusiness – Breaking RV Industry News
ELKHART, Ind. – THOR Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at its Oct. 8 meeting, the payment of a regular quarterly cash dividend of $0.50 per share. The new quarterly dividend amount represents a 4.2% increase from the previous quarterly dividend amount of $0.48.
The regular cash dividend is payable on November 15, 2024, to shareholders of record at the close of business on Nov. 1, 2024.
This news follows THOR’s Q4 financial performance report, released Sept. 27. Consolidated net sales were $2.53 billion in the fourth quarter of fiscal 2024, compared to $2.74 billion for the fourth quarter of fiscal 2023. Consolidated gross profit margin for the fourth quarter of fiscal 2024 was 15.8%, an increase of 140 basis points when compared to the fourth quarter of fiscal 2023, aided in part by a favorable LIFO inventory adjustment due to reductions in inventory levels as well as an improved warranty cost percentage.
About THOR Industries, Inc.
THOR is the sole owner of operating companies which, combined, represent the world’s largest manufacturer of recreational vehicles. For more information on the Company and its products, please go to www.thorindustries.com.
