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Winnebago Industries said on March 15, 2023 that its board of directors declared a regular
quarterly dividend of $0.27 per share ($1.08 annualized).
Previously, the company paid $0.27 per share.
Shares must be purchased before the ex-div date of April 11, 2023 to qualify for the dividend.
Shareholders of record as of April 12, 2023
will receive the payment on April 26, 2023.
At the current share price of $56.82 / share,
the stock’s dividend yield is 1.90%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.14%,
the lowest has been 0.55%,
and the highest has been 2.13%.
The standard deviation of yields is 0.37 (n=237).
The current dividend yield is
2.07 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.09.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 1.45%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 20.05% Upside
As of March 15, 2023,
the average one-year price target for Winnebago Industries is $68.21.
The forecasts range from a low of $50.50 to a high of $89.25.
The average price target represents an increase of 20.05% from its latest reported closing price of $56.82.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Winnebago Industries
is $3,815MM, a decrease of 19.76%.
The projected annual non-GAAP EPS
is $7.62.
What is the Fund Sentiment?
There are 600 funds or institutions reporting positions in Winnebago Industries.
This is an increase
of
8
owner(s) or 1.35% in the last quarter.
Average portfolio weight of all funds dedicated to WGO is 0.16%,
a decrease
of 7.50%.
Total shares owned by institutions decreased
in the last three months by 0.42% to 35,539K shares.
The put/call ratio of WGO is 2.17, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Cooke & Bieler
holds 2,346K shares
representing 7.68% ownership of the company.
In it’s prior filing, the firm reported owning 2,330K shares, representing
an increase
of 0.70%.
The firm
decreased
its portfolio allocation in WGO by 99.91% over the last quarter.
IJR – iShares Core S&P Small-Cap ETF
holds 2,260K shares
representing 7.40% ownership of the company.
In it’s prior filing, the firm reported owning 2,316K shares, representing
a decrease
of 2.51%.
The firm
decreased
its portfolio allocation in WGO by 12.11% over the last quarter.
Fisher Asset Management
holds 1,686K shares
representing 5.52% ownership of the company.
In it’s prior filing, the firm reported owning 1,704K shares, representing
a decrease
of 1.07%.
The firm
decreased
its portfolio allocation in WGO by 11.63% over the last quarter.
Lsv Asset Management
holds 1,241K shares
representing 4.06% ownership of the company.
In it’s prior filing, the firm reported owning 1,060K shares, representing
an increase
of 14.62%.
The firm
increased
its portfolio allocation in WGO by 8.89% over the last quarter.
Goldman Sachs Group
holds 1,097K shares
representing 3.59% ownership of the company.
In it’s prior filing, the firm reported owning 561K shares, representing
an increase
of 48.89%.
The firm
increased
its portfolio allocation in WGO by 87.62% over the last quarter.
Winnebago Industries Background Information
(This description is provided by the company.)
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, and Newmar brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats. Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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