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 dividend demonstrates the Board of Directors' and management's continued confidence in the Company's consistent financial performance, as well as our optimistic outlook as we approach 2017," said Drew's CEO, Jason Lippert. "Our strong balance sheet and consistent cash flow thus far through 2016 position us to continue the successful execution of our strategy to grow sales through acquisitions, greater market share, and innovative new products, as well as enable us to return more cash to shareholders." About Drew Industries From 46 manufacturing and distribution facilities located throughout the United States and in Canada and Italy, Drew Industries, through its wholly-owned subsidiary, Lippert Components ®, supplies a broad array of components for the leading original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; manufactured homes; modular housing; and factory-built mobile office units. The Company also supplies components to the related aftermarkets of these industries, primarily by selling to retail dealers, wholesale distributors and service centers. Drew's products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen and other products; vinyl, aluminum and frameless windows; manual, electric and hydraulic stabilizer and leveling systems; furniture and mattresses; entry, luggage, patio and ramp doors; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; LED televisions and sound systems; navigation systems; wireless backup cameras; and other accessories. Additional information about Drew and its products can be found at www.drewindustries.com. Forward-Looking Statements This press release contains certain "forward-looking statements" with respect to our financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive position, growth opportunities, acquisitions, plans and objectives of management and other matters. Statements in this press release that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and involve a number of risks and uncertainties.
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