Winnebago Industries Inc. WGO, -3.30% said late Wednesday its board of directors approved a 50% dividend increase to 27 cents a share.
The dividend is payable on Sept. 28 to shareholders of record at the close on Sept. 14, the RV company said. The board also approved a new stock buyback authorization of up to $350 million, which replaces a previous $200 million repurchase program that was “fully depleted,” the company said.