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Thor Industries Announces a 12% Hike in Quarterly Dividend

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Thor Industries, Inc.’s (THO - Free Report) board members have approved a 12% hike in the quarterly cash dividend per share. The revised dividend of 37 cents will be paid on Nov 7, 2017 to shareholders of record as of Oct 24, 2017.

Prior to this in October 2016, the company had increased quarterly dividend per common share by 10% to 33 cents. The company rewards shareholders with regular cash dividends, boosting its confidence in turn.

Headquartered in Elkhart, IN, Thor Industries is the world’s largest manufacturer of recreational vehicles (RVs).

Thor Industries, Inc. Price and Consensus

 

Shares of Thor Industries have outperformed the industry it belongs to in a year. The stock has soared 53.8% compared with the industry’s 50.6% rally.

 


 

The stock has also seen the Zacks Consensus Estimate for quarterly and yearly earnings being revised upward over the last 30 days.

Thor Industries sports a Zacks Rank #1 (Strong Buy).

A few other top-ranked stocks in the auto space are Toyota Motor Corporation (TM - Free Report) , Daimler AG (DDAIF - Free Report) and Adient PLC (ADNT - Free Report) . While Toyota sports the same bullish Zacks Rank of 1, both Daimler and Adient hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Toyota has an expected long-term earnings growth rate of 7%.

Daimler has an expected long-term earnings growth rate of 2.8%.

Adient has an expected long-term earnings growth rate of 10.6%.

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