Winnebago Industries Announces Cash Dividend

FOREST CITY, Iowa--Jan. 1, 20046, 2004--Winnebago Industries, Inc. , today announced that the Company's Board of Directors met on January 14, 2004 and declared the record date of March 5, 2004 for its upcoming quarterly cash dividend payable to shareholders on April 5, 2004. In fiscal 2004, which began August 31, 2003, Winnebago Industries changed from a semi-annual to a quarterly dividend. Winnebago Industries, Inc. currently pays a quarterly cash dividend of five cents a share (equivalent to ten cents a share on a pre-stock split basis), for a total of twenty cents a share per year (forty cents per share on a pre-stock split basis).

About Winnebago Industries

Winnebago Industries, Inc. is the leading manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. The Company builds quality motor homes under the Winnebago, Itasca, Rialta and Ultimate brand names with state-of-the-art computer-aided design and manufacturing systems on automotive-styled assembly lines. The Company's common stock is listed on the New York, Chicago and Pacific Stock Exchanges and traded under the symbol WGO. Options for the Company's common stock are traded on the Chicago Board Options Exchange. For access to Winnebago Industries investor relations material, to add your name to an automatic email list for Company news releases or for information on a dollar-based stock investment service for the Company's stock, visit, www.winnebagoind.com/investor_relations.htm.