As 2020 finally draws to a close, income investors are undoubtedly looking ahead to greater stability in 2021. The COVID-19 pandemic stymied cash flows and curbed dividend payments across mature, stable industries that usually reward dividend investors, even as non-dividend-paying stocks in capital-light tech sectors soared. For those looking for new opportunities in 2021, it’s fruitful to consider companies that exhibited strength, and both maintained and raised their payouts this year.
One such candidate is recreational vehicle (RV) maker Thor Industries (NYSE: THO), which issued its first-quarter fiscal 2021 results earlier this month on Dec. 8. Let’s briefly review the company’s results in the context of the coming year, and discuss Thor’s potential as a successful dividend investment.