Pool Corporation Announces a 38% Increase in Its Quarterly Cash Dividend and an Additional $450.0 Million of Authorization Un...
04 Maio 2021 - 5:34PM
Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board
of Directors (the Board) has declared a quarterly cash dividend of
$0.80 per share, a 38% increase over the previous quarterly
dividend amount of $0.58 per share. The dividend is payable on
May 28, 2021, to stockholders of record on May 17, 2021.
As of May 3, 2021, there were 40,131,408 shares of common stock
outstanding.
The company also announced that the Board has
authorized an additional $450.0 million under its existing share
repurchase program for the purchase of the company’s common stock
in the open market at prevailing market prices. This amount adds to
the $107.4 million remaining under its existing authorization as of
May 4, 2021, bringing its total authorization available to $557.4
million.
Pool Corporation is the world’s largest
wholesale distributor of swimming pool and related backyard
products. POOLCORP operates approximately 400 sales centers in
North America, Europe and Australia through which it distributes
more than 200,000 national brand and private label products to
roughly 120,000 wholesale customers. For more information about
POOLCORP, please visit www.poolcorp.com.
This news release may include “forward-looking”
statements that involve risk and uncertainties. The forward-looking
statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially due to a variety of factors,
including impacts on our business from the COVID-19 pandemic, the
sensitivity of the swimming pool supply business to weather
conditions and other risks detailed in POOLCORP’s 2020 Form 10-K,
Quarterly Reports on Form 10-Q and other reports and filings with
the Securities and Exchange Commission (SEC).
CONTACT:
Curtis J. ScheelDirector of Investor
Relations985.801.5341curtis.scheel@poolcorp.com
Pool (NASDAQ:POOL)
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