Winnebago Industries Announces Increased Cash Dividend

FOREST CITY, Iowa--June 22, 2006--Winnebago Industries, Inc. , announced today that the Company's Board of Directors increased its quarterly cash dividend. In a meeting held yesterday, the Board declared a quarterly cash dividend of ten cents a share, payable on October 9, 2006 to shareholders of record as of September 8, 2006, an increase from the previous quarterly dividend of nine cents a share.

"This is the fourth consecutive increase in dividends in as many years," said Winnebago Industries Chairman and CEO Bruce Hertzke. "We believe cash dividends and repurchasing our common stock are both extremely effective ways to return profits to our shareholders."

About Winnebago Industries

Winnebago Industries, Inc. is the leading United States 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 and Itasca 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, http://www.winnebagoind.com/html/company/investorRelations.html