Thor Industries, Inc. (THO) to Issue Quarterly Dividend of $0.37 on July 16th

Thor Industries, Inc. (NYSE:THO) announced a quarterly dividend on Monday, June 18th, RTT News reports. Investors of record on Monday, July 2nd will be given a dividend of 0.37 per share by the construction company on Monday, July 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, June 29th.

Thor Industries has increased its dividend by an average of 12.3% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Thor Industries has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Thor Industries to earn $9.42 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 15.7%.

THO opened at $102.16 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.67 and a quick ratio of 0.96. Thor Industries has a 12 month low of $89.89 and a 12 month high of $161.48. The firm has a market capitalization of $5.53 billion, a P/E ratio of 11.47 and a beta of 1.30.

A number of analysts recently commented on THO shares. Aegis upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Thursday, March 8th. They noted that the move was a valuation call. ValuEngine cut shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. Northcoast Research restated a “hold” rating on shares of Thor Industries in a research report on Tuesday, February 27th. BMO Capital Markets upgraded shares of Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 price objective for the company in a research report on Tuesday, May 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $142.00 target price (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $121.33.

Thor Industries announced that its board has approved a share buyback plan on Wednesday, June 20th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Thor Industries

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

Dividend History for Thor Industries (NYSE:THO)

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