THOR ANNOUNCES INCREASED DIVIDEND, 3-FOR-2 STOCK SPLIT
THOR ANNOUNCES INCREASED DIVIDEND, 3-FOR-2 STOCK SPLIT JACKSON CENTER, Ohio, April 14 /PRNewswire/ -- Thor Industries, Inc.
(NYSE: THO), announced today that the company's common stock will be split three for two, increasing common shares outstanding from 4,825,049 to 7,237,574. Current stockholders of record on April 27, 1992, will receive one additional share for every two shares they own on that date. The company plans to retain its quarterly dividend at 3 cents per share after the stock split, thus increasing the dividend by 50 percent.
"This action demonstrates our strong confidence in Thor's future," said Wade F.B. Thompson, Thor chairman. "In addition to effectively increasing the cash dividend it also increases the market liquidity for our stockholders." Thor is the second largest manufacturer of recreational vehicles in the United States and Canada and the largest builder of small and midsize buses. -0- 4/14/92 /CONTACT: Wade F.B. Thompson or Peter B. Orthwein of Thor, 513-596-6849/ (THO) CO: Thor Industries, Inc. ST: Ohio IN: AUT SU: DIV
GK-SM -- NY055 -- 8323 04/14/92 13:32 EDT
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|Date:||Apr 14, 1992|
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