U.S. Markets open in 6 hrs 34 mins

Thor Industries Announces a 12% Hike in Quarterly Dividend

Zacks Equity Research

Thor Industries, Inc.’s THO 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

 

Thor Industries, Inc. Price and Consensus | Thor Industries, Inc. Quote

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, Daimler AG DDAIF and Adient PLC ADNT. 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%.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Toyota Motor Corp Ltd Ord (TM) : Free Stock Analysis Report
 
Daimler AG (DDAIF) : Free Stock Analysis Report
 
Adient PLC (ADNT) : Free Stock Analysis Report
 
Thor Industries, Inc. (THO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research