Drew Industries (DW) Raises Quarterly Dividend 66.7% to $0.50; 2% Yield

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Drew Industries Increases Quarterly Cash Dividend

November 17, 2016 5:30 PM EST

ELKHART, Ind., Nov. 17, 2016 /PRNewswire/ -- Drew Industries Incorporated (NYSE: DW), a supplier of components for the leading original equipment manufacturers of recreational vehicles and adjacent industries, and the related aftermarkets of those industries, today announced that its Board of Directors approved, at their November 17, 2016 meeting, an increase in the amount of the Company's regular quarterly cash dividend to $0.50 per share from $0.30 per share of common stock.

The regular dividend is payable on December 9, 2016, to stockholders of record at the close of business on November 28, 2016.

"This increase to our regular quarterly... More