Thor Industries, Inc. (THO) to Distribute Quarterly Dividend of $0.54 on November 10th

Thor Industries, Inc. (NYSE:THO) declared a quarterly dividend on Tuesday, October 13th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.54 per share by the RV manufacturer on Tuesday, November 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, October 27th. This is a 3.8% increase from Thor Industries’s previous quarterly dividend of $0.52.

Thor Industries has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Thor Industries to earn $5.52 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 39.1%.

Thor Industries Trading Down 1.1%

Thor Industries stock opened at $69.94 on Friday. Thor Industries has a one year low of $62.83 and a one year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 0.85. The company’s fifty day moving average price is $71.87 and its two-hundred day moving average price is $75.10. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.96 and a beta of 1.43.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company earned $2.36 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. On average, analysts forecast that Thor Industries will post 4.09 earnings per share for the current fiscal year.

About Thor Industries

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.

Thor’s portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.