GlobeNewswire Inc | Aug 18, 2021 04:30PM EDT

August 18, 2021

EDEN PRAIRIE, Minn., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc.(NYSE:WGO), a leading outdoor lifestyle product manufacturer, today announced that onAugust 18, 2021, the Companys Board of Directors approved a quarterly cash dividend of$0.18per share payable onSeptember 29, 2021, to common stockholders of record at the close of business onSeptember 15, 2021. Todays dividend declaration represents a 50% or$0.06per share increase from the previous quarter.

With this announcement,Winnebago Industrieshas paid a quarterly cash dividend to common stockholders of record for the last 29 quarters.

We are pleased to significantly increase the dividend for our shareholders, said Winnebago IndustriesChief Financial OfficerBryan Hughes.This action further reflects the companys strong financial position and the sustained appeal of our portfolio of premium outdoor lifestyle brands which leads to a high level of confidence in our future.

Winnebago Industries also announced today it will be shifting its corporate headquarters address from Forest City, Iowa to Eden Prairie, Minnesota, effective December 1, 2021. The companys executive offices have been in Minnesota since 2016. There is no planned job loss as a result of the headquarters transition and this action has no physical implication on any manufacturing assets.

Winnebago Industries has transformed into a broad outdoor lifestyle company with a premium portfolio of brands and products, said Winnebago Industries President and Chief Executive Officer, Michael Happe. Over the past several years, through strategic growth investments, we have expanded our companys footprint to now include locations in Iowa, Indiana, Florida and Minnesota. Our Twin Cities location has been and will continue to be an effective resource for executing our vision as a premier outdoor recreation enterprise, as it supports the growth of all of our strong brands. We are genuinely proud of our historical roots in Forest City and the incredible contributions of all our past and current Iowa employees to the companys success through the years.

Winnebago Industries currently employs approximately 6,500 employees with approximately 100 employees based out of its Eden Prairie office. Following the transition, Winnebago Industries will remain strongly rooted in North Iowa. The companys Iowa operations will continue to be the manufacturing hub of Winnebago motorhome and specialty vehicles products and currently employs approximately 2,100 people with plans to add team members in the next twelve months to meet increased demand for Winnebago RV products. The company continues to implement major infrastructure and economic investments to support employees, training and job growth at its North Iowa campuses including:

-- Providing multi-year support totaling $500,000 to the John V. Hanson Career Center, an initiative to provide students with educational opportunities and skills in high demand areas including advanced manufacturing. -- Initiating a hiring campaign to meet increased demand in Winnebago RVs and the need to add additional new team members in North Iowa over the next year. -- Implementing facility improvements and expanding motorhome manufacturing capacity

North Iowa has been home to Winnebago Industries for 63 years and it will remain a critical community for current operations and future growth, said Huw Bower President, Winnebago Outdoors. We are committed to supporting North Iowa and being active contributors to the community as we to strive to further develop our storied Winnebago brand by driving it to new heights through a relentless focus on quality, service and innovation.

AboutWinnebago IndustriesWinnebago Industries, Inc.is a leading North American manufacturer of outdoor lifestyle products and commercial vehicles under theWinnebago, Grand Design,Chris-Craftand Newmar brands, which are used primarily in leisure travel and outdoor recreation activities. Winnebago Industries has previously announced it has entered into a definitive agreement to acquire Barletta Pontoon Boats, the industrys fastest-growing, premium pontoon boat manufacturer. Winnebago Industries builds quality motorhomes, travel trailers, fifth-wheel products, boats, and commercial community outreach vehicles.Winnebago Industrieshas multiple facilities inIowa,Indiana,Minnesota, andFlorida. The Company's common stock is listed on theNew York Stock Exchangeand traded under the symbol WGO. For access toWinnebago Industries'investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.

Contact: Steve Stuber - Investor Relations - 952-828-8461 srstuber@wgo.netMedia Contact: Sam Jefson Public Relations Specialist 641-585-6803 -sjefson@wgo.net