The board of Winnebago Industries, Inc. (NYSE:WGO) has announced that it will be increasing its dividend by 2.9% on the 24th of September to $0.35, up from last year’s comparable payment of $0.34. This will take the annual payment to 4.0% of the stock price, which is above what most companies in the industry pay.
Winnebago Industries’ Projections Indicate Future Payments May Be Unsustainable
Estimates Indicate Winnebago Industries’ Could Struggle to Maintain Dividend Payments In The Future
Winnebago Industries’ Future Dividends May Potentially Be At Risk
If the payments aren’t sustainable, a high yield for a few years won’t matter that much. Even though Winnebago Industries is not generating a profit, it is still paying a dividend. It is also not generating any free cash flow, we definitely have concerns…
