LCI Industries Declares Quarterly Money Dividend
ELKHART, Ind .– (BUSINESS WIRE) – LCI Industries (NYSE: LCII), through its wholly owned subsidiary Lippert Components, Inc. (“Lippert”), supplies a wide variety of sophisticated components to the leading original equipment manufacturers (“OEMs”) in the leisure and international markets Transportation Products and the related aftermarket in these industries announced today that the Board of Directors has approved a regular quarterly cash dividend of $ 0.90 per common share.
The dividend is payable on June 18, 2021 to the shareholders of record at the close of business on June 4, 2021.
About LCI Industries
LCI Industries, through its wholly owned subsidiary Lippert, supplies a wide range of sophisticated components domestically and internationally to the leading OEMs in the recreational and transportation product markets, which consist primarily of recreational vehicles and related industries, including buses. Trailers for transporting boats, livestock, equipment and other cargo; Truck; Boats; Trains; Prefabricated houses; and modular housing. The company also supplies technical components to the related aftermarket in these industries, primarily through sales to retailers, wholesalers and service centers. Lippert products include steel chassis and related components. Axles and suspension solutions; Extraction mechanisms and solutions; thermoformed bathroom, kitchen and other products; Vinyl, aluminum and frameless windows; manual, electric and hydraulic stabilizer and leveling systems; Entrance, baggage, patio and ramp doors; Furniture and mattresses; electrical and manual input steps; Awnings and awning accessories; Towing products; Truck accessories; electronic components; and other accessories. Further information on Lippert and its products can be found at www.lci1.com.
This press release contains certain “forward-looking statements” relating to our financial condition, results of operations, business strategies, operational efficiencies or synergies, competitive position, growth opportunities, acquisitions, management plans and goals, and markets for Company common stock, the effects of legal proceedings and other matters. Statements in this press release that are not historical facts are “forward-looking statements” for safe haven purposes contained in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended are changed and involve a number of risks and uncertainties.
Forward-looking statements, including, without limitation, our future business prospects, net sales, expenses and income (losses), investments, tax rate, cash flow, financial condition, liquidity, compliance with covenants, retail and wholesale demand, the integration of acquisitions, F & E-investing and industry trends, whenever they appear in this press release, is necessarily an estimate that reflects the best judgment of the company’s management at the time such statements are made. There are a number of factors, many of which are beyond the control of the company and could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include the effects of COVID-19 or other future pandemics on the global economy, as well as on the company’s customers, suppliers, employees, business and cash flows, and price pressures due to domestic and international competition, along with other aspects described in this press release , Costs and availability of raw materials (especially steel and aluminum) and other components, as well as tariffs on raw materials (especially steel and aluminum) and other components, seasonality and cyclicality in the industries to which we sell our products, availability of credit to finance retail – and wholesale purchases of products for which we sell our components, stocks of retailers and manufacturers, availability of means of transport for products for which we sell our components, the financial situation of our customers, the financial situation of retailers of products for which we sell our Selling components, retention and concentration of significant customers, costs, pace and successful integration of acquisitions and other growth i initiatives, availability and costs of production facilities and manpower, benefits for team members, retention of team members, implementation and effects of expansion plans, efficiency improvements and cost reductions, operational disruptions due to natural disasters or other unforeseen events, successful entry into new markets, the cost of complying with environmental laws, laws of foreign jurisdictions in which we operate, other operational and financial risks associated with doing business internationally, and increased government regulations and oversight, Information technology performance and security, the ability to protect intellectual property, warranty and product liability claims or product recalls, interest rates, oil and gasoline prices and -availability, the impact of international, national and regional economic conditions and consumer confidence on retail sales of products for which we sell our components, and other risks and uncertainties discussed in more detail, and the heading “Risk Factors” in the Company’s Annual Report on Form 10- K for the year ended December 31, 2020 and on the company’s subsequent filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements as there can be no assurance that these forward-looking statements will prove to be correct. The company disclaims any obligation or obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made, except as required by law.