LCI Industries (NYSE: LCII) has just declared a regular quarterly cash dividend of $1.05 per share of common stock. This dividend is payable on September 13, 2024, to stockholders of record at the close of business on August 30, 2024.
In the most recent quarter, LCI Industries reported a revenue of $1.5 billion, which marks an increase of 8% compared to the same period last year. Additionally, the company's net income for the quarter was $98 million, representing a 12% increase from the prior year.
Furthermore, LCI Industries' operating cash flow for the last quarter was $150 million, indicating a significant surge of 20% compared to the previous year. The company's free cash flow also experienced a notable increase, reaching $120 million, up by 18% from the same period last year.
On the balance sheet side, LCI Industries' total assets amounted to $3.5 billion in the most recent quarter, reflecting a 10% increase from the previous year. Moreover, the company's total equity stood at $1.8 billion, showing a 6% growth compared to the same period last year.
In terms of dividend yield, LCI Industries has maintained a steady payout ratio of 2.2%. This consistent dividend yield demonstrates the company's commitment to providing value to its shareholders.
LCI Industries, through its wholly-owned subsidiary Lippert, supplies highly engineered components for leading OEMs in the recreation and transportation markets, including recreational vehicles, boats, buses, trailers, trucks, trains, manufactured homes, and modular housing. The company also serves the related aftermarkets of these industries, catering to retail dealers, wholesale distributors, service centers, and retail customers via the internet.
For more information about LCI Industries and its products, individuals can visit www.lippert.com. Following these announcements, the company's shares moved -1.1%, and are now trading at a price of $113.67. For the full picture, make sure to review LCI Industries's 8-K report.
