Winnebago Changes Dividend Dates
Winnebago Industries Inc. has pushed back by 10 days the key dates for its quarterly cash dividend payment, the New York Stock Exchange-lised company recently announced.
The motorhome manufacturer now plans to pay a dividend on April 15 to shareholders of record as of March 15.
Earlier, Winnebago planned to pay the dividend on April 5 to shareholders of record as of March 15.
Winnebago still plans a 2-for-1 stock split on March 5, for shareholders of record as of Feb. 20.
Because, for example, any one owning 1,000 Winnebago shares on Feb. 20 will see their holdings expand to 2,000 shares on March 5 with the stock split, Winnebago’s dividend payout rate will be cut in half. That means Winnebago shareholders of record as of March 15 will get a 5 cents-per-share dividend paid to them on April 15.
Winnebago’s current, pre-split, quarterly cash dividend payout rate is 10 cents a share.