Winnebago Industries Announces Stock Repurchase Plan Completion, Authorization for Ninth Stock Repurchase Plan and Declares Cash Dividend.FOREST CITY, Iowa Forest City is a city in Hancock and Winnebago Counties in the U.S. state of Iowa, and the county seat of Winnebago County.GR6 The population was 4,362 at the 2000 census. -- The Board of Directors of Winnebago Industries, Inc. (NYSE NYSE See: New York Stock Exchange :WGO) announced the completion of a $20 million stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. , authorized the Company's ninth stock repurchase plan and declared an upcoming quarterly cash dividend. During the third quarter ended May 29, 2004, Winnebago Industries' completed the Company's eighth stock repurchase program that was authorized on March 20, 2003, with the repurchase of 384,533 shares (adjusted for the 2-for-1 stock split on March 5, 2004) for an aggregate amount of approximately $10.3 million. On a fiscal year to date basis, Winnebago Industries has repurchased 3,284,533 shares (adjusted for the stock split) for an aggregate amount of approximately $74.3 million. At the board meeting held today, the Company's Board of Directors authorized the purchase of outstanding shares of the Company's common stock for an aggregate amount of up to $30 million. This is the Company's ninth stock repurchase program to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. within the last six years. Winnebago Industries' Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Bruce Hertzke said, "Winnebago Industries has had a strong history of repurchasing its stock. We believe it continues to enhance the Company's value for our shareholders." Since December 1997, Winnebago Industries has repurchased 20,828,459 shares (adjusted for the stock split) for an aggregate price of approximately $248.3 million. The Board of directors also declared a quarterly cash dividend of five cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , payable on July 12, 2004 to shareholders of record as of June 18, 2004. About Winnebago Industries Winnebago Industries, Inc. is the leading United States manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. The Company builds quality motor homes under the Winnebago, Itasca, Rialta and Ultimate brand names with state-of-the-art computer-aided design and manufacturing Computer-aided design and manufacturing The application of digital computers in engineering design and production. Computer-aided design (CAD) refers to the use of computers in converting the initial idea for a product into a detailed engineering design. systems on automotive-styled assembly lines. The Company's common stock is listed on the New York, Chicago and Pacific Stock Exchanges and traded under the symbol WGO. Options for the Company's common stock are traded on the Chicago Board Options Exchange Chicago Board Options Exchange (CBOE) A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index) . For access to Winnebago Industries investor relations material, to add your name to an automatic email list for Company news releases or for information on a dollar-based stock investment service for the Company's stock, visit, http://www.winnebagoind.com/html/company/investorRelations.html |
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