ELKHART, Ind., Oct. 9, 2020 /PRNewswire/ -- Thor
Industries, Inc. (NYSE: THO) today announced that its Board of
Directors approved, at their October 9,
2020 meeting, an increase in the amount of Thor's regular
quarterly dividend to $0.41 per share
from $0.40 per share, an increase of
2.5%.
The regular cash dividend is payable on November 6, 2020, to shareholders of record at
the close of business on October 23,
2020.
About Thor Industries, Inc.
Thor is the sole owner of
operating subsidiaries that, 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.
Forward Looking Statements
This release includes
certain statements that are "forward-looking" statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are made based on management's
current expectations and beliefs regarding future and anticipated
developments and their effects upon Thor, and inherently involve
uncertainties and risks. These forward-looking statements are not a
guarantee of future performance. We cannot assure you that actual
results will not differ materially from our expectations. Factors
which could cause materially different results include, among
others: the extent and impact from the continuation of the
coronavirus pandemic, along with the responses to contain the
spread of the virus by various governmental entities or other
actors, which may have negative effects on retail customer demand,
our independent dealers, our supply chain, or our production and
which may have a negative impact on our consolidated results of
operations, financial position, cash flows and liquidity; the
ability to ramp production up or down quickly in response to rapid
changes in demand while also managing costs and market share; the
effect of raw material and commodity price fluctuations, and/or raw
material, commodity or chassis supply restrictions; the impact of
tariffs on material or other input costs; the level and magnitude
of warranty claims incurred; legislative, regulatory and tax law
and/or policy developments including their potential impact on our
dealers and their retail customers or on our suppliers; the costs
of compliance with governmental regulation; legal and compliance
issues including those that may arise in conjunction with recently
completed transactions; lower consumer confidence and the level of
discretionary consumer spending; interest rate fluctuations and
their potential impact on the general economy and specifically on
our dealers and consumers; the impact of exchange rate
fluctuations; restrictive lending practices which could negatively
impact our independent dealers and/or retail consumers; management
changes; the success of new and existing products and services; the
ability to efficiently utilize existing production facilities;
changes in consumer preferences; the risks associated with
acquisitions, including: the pace and successful closing of an
acquisition, the integration and financial impact thereof, the
level of achievement of anticipated operating synergies from
acquisitions, the potential for unknown or understated liabilities
related to acquisitions, the potential loss of existing customers
of acquisitions, and our ability to retain key management personnel
of acquired companies; a shortage of necessary personnel for
production and increasing labor costs to attract production
personnel in times of high demand; the loss or reduction of sales
to key dealers; disruption of the delivery of units to dealers;
increasing costs for freight and transportation; asset impairment
charges; cost structure changes; competition; the impact of
potential losses under repurchase or financed receivable
agreements; the potential impact of the strength of the U.S. dollar
on international demand for products priced in U.S. dollars;
general economic, market and political conditions in the various
countries in which our products are produced and/or sold; the
impact of changing emissions and other regulatory standards in the
various jurisdictions in which our products are produced and/or
sold; changes to our investment and capital allocation strategies
or other facets of our strategic plan; and changes in market
liquidity conditions, credit ratings and other factors that may
impact our access to future funding and the cost of debt. These and
other risks and uncertainties are discussed more fully in Item 1A
of our Annual Report on Form 10-K for the year ended July 31, 2020.
We disclaim any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements contained in
this release or to reflect any change in our expectations after the
date hereof or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Contact
Mark Trinske,
Vice President of Investor Relations
mtrinske@thorindustries.com
(574) 970-7912
View original
content:http://www.prnewswire.com/news-releases/thor-announces-2-5-increase-in-its-regular-quarterly-dividend-301149509.html
SOURCE Thor Industries, Inc.