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Thor Industries (THO) Raises Dividend by 11%; Shares Rise

Thor Industries Inc.THO announced an 11% increase in its quarterly dividend to 30 cents per share from the prior payout of 27 cents. The announcement of the dividend hike led its share price to gain 1.5% to $52.49 on Oct 2 and another 1.3% to $53.19 on Oct 5.

The new dividend will be paid on Oct 30, to shareholders on record as of Oct 16, 2015. The increased dividend amounts to a yield of 2.3% per annum, based on the closing share price of $51.71 as of Oct 1, 2015, when the announcement was made. The old dividend translated into an annual yield of 2.1%.

Earnings Review

Thor Industries reported fourth-quarter fiscal 2015 (ended Jul 31, 2015) earnings of $1.14 per share that missed the Zacks Consensus Estimate of $1.32. Meanwhile, earnings increased from $1.13 per share recorded in the fourth quarter of fiscal 2014.

Including discontinued operations of Thor's Bus business and one-time items, earnings amounted to $69 million or $1.31 per share in fourth-quarter fiscal 2015, compared with $66.6 million or $1.25 per share in the corresponding quarter of fiscal 2014.

Revenues rose 2% year over year to $1.06 billion, but missed the Zacks Consensus Estimate of $1.16 billion. The year-over-year improvement in the top line was driven by the addition of revenues from the Postle acquisition made on May 1, 2015, partially negated by lower revenues from towable and motorized recreational vehicles.

Zacks Rank

Currently, Thor Industries has a Zacks Rank #4 (Sell). Better-ranked automobile stocks include Daimler AG DDAIF , Nissan Motor Co. Ltd. NSANY and Fuji Heavy Industries Ltd. FUJHY . While Daimler sports a Zacks Rank #1 (Strong Buy), both Nissan and Fuji Heavy Industries hold a Zacks Rank #2 (Buy).

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THOR INDS INC (THO): Free Stock Analysis Report

DAIMLER AG (DDAIF): Free Stock Analysis Report

NISSAN ADR (NSANY): Free Stock Analysis Report

FUJI HEAVY ADR (FUJHY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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