Winnebago Industries Declares $0.35 Quarterly Dividend
Winnebago Industries Inc (NYSE: WGO), a manufacturer of recreational vehicles and marine products, announced a quarterly cash dividend of $0.35 per share. The dividend was approved by the board on March 18, 2026.
Winnebago Industries Inc (NYSE: WGO), a manufacturer of recreational vehicles and marine products, announced a quarterly cash dividend of $0.35 per share on March 18, 2026. Shareholders of record as of April 15, 2026 will receive payment on April 29, 2026. Read more dividend announcements.
The dividend maintains the company's regular quarterly payout to shareholders as it navigates a challenging RV market environment.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.35 |
| Record Date | April 15, 2026 |
| Payment Date | April 29, 2026 |
| Frequency | Quarterly |
Financial Performance
The dividend declaration comes as Winnebago reported mixed second-quarter results for fiscal 2026. Net revenues for the quarter ended February 28, 2026 declined 3.0% to $79.2 million from $81.7 million in the prior-year period. Operating income fell 46.2% to $2.9 million, with operating margin contracting 300 basis points to 3.7%.
The revenue decline stemmed from lower unit volume and unfavorable product mix, partially offset by selective price adjustments. Operating income was pressured by higher warranty expenses and volume deleverage.
Balance Sheet Update
Cash and cash equivalents stood at $47.4 million at quarter-end, down from $181.7 million at the end of the first quarter and $174.0 million at fiscal year-end 2025. The decline reflects the company's redemption of $100.0 million in senior secured notes during the second quarter.
Total outstanding debt was $442.3 million as of February 28, 2026, consisting of $450.0 million in debt net of $7.7 million in issuance costs. Working capital decreased to $403.5 million from $465.1 million at the end of fiscal 2025.
The company's gross leverage ratio improved to 3.2x from 4.0x as of November 29, 2025, while net leverage stood at 2.9x. Cash flow from operations totaled $0.6 million in the first half of fiscal 2026, representing significant improvement from the prior-year period.
Full-Year Outlook
Winnebago maintained its revenue and adjusted earnings guidance for fiscal 2026 while revising reported earnings expectations. The company projects consolidated net revenues between $2.8 billion and $3.0 billion, with reported earnings per diluted share now expected in the range of $1.50 to $2.20, up from previous guidance of $1.40 to $2.10. Adjusted earnings per diluted share are forecast between $2.10 and $2.80.
The company expects North American RV wholesale shipments for calendar year 2026 to range between 315,000 and 345,000 units. Management cited its focus on disciplined execution, product development, and margin improvement across its diversified platform as key priorities for the fiscal year.