ELKHART, Ind., March 18, 2021 /PRNewswire/ -- THOR
Industries, Inc. (NYSE: THO) today announced that its Board of
Directors approved, at their March 18,
2021 meeting, the payment of a regular quarterly cash
dividend of $0.41 per share.
The regular cash dividend is payable on April 16, 2021, to shareholders of record at the
close of business on April 2,
2021.
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 COVID-19
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, our labor force, our production or other
aspects of our business 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
constraints; 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, used
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 our Quarterly Report on Form 10-Q for the quarter ended
January 31, 2021 and 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
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SOURCE THOR Industries, Inc.