– Increases quarterly cash dividend 15%
to $0.15 per share
LEXINGTON, Ky., Feb. 20,
2025 /PRNewswire/ -- Somnigroup International Inc.
(NYSE: SGI, "Company" or "Somnigroup") today announced that its
Board of Directors has declared a first quarter cash dividend on
its common stock of $0.15 per share.
The dividend is payable on March 20, 2025 to shareholders of
record as of March 6, 2025.
Somnigroup Chairman and CEO Scott
Thompson commented, "We are pleased to announce this
increase to our quarterly dividend. Our Board of Directors
increased the quarterly dividend to $0.15 per share based on the strength of the
Company's market position and demonstrated ability to generate
significant free cash flow. This marks the fifth increase to our
dividend over the last four years, more than doubling the cash
dividend since its initiation in 2021."
About Somnigroup International Inc.
Somnigroup (NYSE: SGI) is the world's largest bedding company,
dedicated to improving people's lives through better sleep. With
superior capabilities in design, manufacturing, distribution and
retail, we deliver breakthrough sleep solutions and serve the
evolving needs of consumers in more than 100 countries worldwide
through our fully-owned businesses, Tempur Sealy, Mattress Firm and
Dreams. Our portfolio includes the most highly recognized brands in
the industry, including Tempur-Pedic®, Sealy® and Stearns &
Foster®, and our global omni-channel platform enables us to meet
consumers wherever they shop, offering a personal connection and
innovation to provide a unique retail experience and tailored
solutions.
We seek to deliver long-term value for our shareholders through
prudent capital allocation, including managing investments in our
businesses. We are guided by our core value of Doing the Right
Thing and committed to our global responsibility to protect the
environment and the communities in which we operate. For more
information, please visit www.somnigroup.com.
Investor Relations Contact
Aubrey Moore
Investor Relations
Somnigroup International
Inc.
800-805-3635
Investor.relations@somnigroup.com
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SOURCE Somnigroup International
