THOR Industries’ Dividend Yield and Ex-Dividend Date: A Guide for Investors
What is a Dividend Yield?
A dividend yield is the annualized rate of return that an investor earns on a stock’s dividend payments relative to the stock’s current market price. It is calculated by dividing the annual dividend per share by the current stock price and expressed as a percentage.
THOR Industries’ Dividend Yield
As of June 24, 2024, THOR Industries (NYSE: THO) declares a quarterly dividend of $0.48 per share, resulting in an annualized dividend yield of 2.11%.
What is an Ex-Dividend Date?
An ex-dividend date is the date on which a company’s stock begins trading without the previously declared dividend. Shareholders who own the stock before the ex-dividend date are entitled to receive the dividend, while those who buy the stock on or after the ex-dividend date will not.
THOR Industries’ Ex-Dividend Date
THOR Industries has declared an ex-dividend date of Wednesday, July 3, 2024. This means that shareholders of record as of Tuesday, July 2, 2024, will receive the $0.48 per share dividend.
Key Dividend Information for THOR Industries
- Dividend per share: $0.48
- Annual dividend yield: 2.11%
- Ex-dividend date: Wednesday, July 3, 2024
- Payment date: Thursday, July 18, 2024
- Dividend payout ratio: 38.95%
THOR Industries’ Dividend History and Outlook
THOR Industries has a history of paying dividends to shareholders. The company’s dividend payout ratio suggests that it can maintain its current dividend while still having funds available for growth. Analysts expect the company to continue paying dividends in the future.
Considerations for Dividend Investors
- Company’s financial health: Ensure that the company has a strong financial foundation and can sustain its dividend payments.
- Dividends are not guaranteed: Dividends can be cut or eliminated at any time by the company’s board of directors.
- Tax implications: Dividends are generally taxed as ordinary income, so consider your tax situation before investing for yield.
Conclusion
THOR Industries’ dividend yield of 2.11% and its ex-dividend date of Wednesday, July 3, 2024, provide income-oriented investors with an opportunity to earn passive income from a well-established company in the recreational vehicle industry.
Mehek 
Priyanka