Thor Industries Boosts Stock Buyback Program

  • Thor Industries Inc THO Board of Directors has increased the share repurchase authorization to $600 million.
  • Under its $250 million prior authorization scheduled through December 21, 2024, the company had $151.68 million remaining as of June 24, 2022.
  • The company's new plan calls for the repurchase of an additional $448.32 million of shares through July 31, 2025, bringing the total authorization to $600 million and extending the duration of the program by approximately seven months.
  • The company may purchase shares on a discretionary basis from time to time through open market purchases, privately negotiated transactions, or other means.
  • Thor held $331.9 million in cash and equivalents as of April 30, 2022.
  • Last week, THO Board declared a regular quarterly cash dividend of $0.43 per share, payable on July 19, 2022, to shareholders of record on July 5, 2022.
  • Price Action: THO shares are trading higher by 0.19% at $79.55 on the last check Monday.

Posted In: BriefsNewsDividendsBuybacks

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.