MHProNews has learned from prnewswire that the board of directors of Drew Industries, of Elkhart, Indiana, has declared a special dividend of $2.00 per share of common stock. The dividend is payable April 10, 2015 to shareholders of record as of March 27, 2015.

Drew is a supplier of components to the manufactured housing and recreational vehicle industries through its wholly-owned subsidiary, Lippert Components.

Drew’s CEO, Jason Lippert, said, “We are pleased to demonstrate our continued commitment to shareholder value through this special dividend. It reflects the board’s confidence in the company’s consistent financial performance and in its long-term strategic goals.“

Added Joe Giordano, Drew’s CFO and Treasurer, “Our strong balance sheet and consistent cash flow positions us to continue to successfully execute on our strategy to grow sales through acquisitions, greater market share, and innovative new products.“

Drew provides a multitude of components for both industries through 38 factories strategically located around the U. S. ##

(Image credit: Drew Industries)

   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.