Camping World Holdings Doubles Regular Dividend
The company also announces declaration of Quarterly Dividend
Camping World, America’s Recreation Dealer has announced that its Board of Directors has doubled the Company’s quarterly dividend and declared a cash dividend of $0.50 per share on the Company’s Class A common stock.
Camping World’s regular dividend will increase from $0.25 per share to $0.50 per share on a quarterly basis, and from $1.00 per share to $2.00 per share on an annualized basis.
Marcus Lemonis, Chairman and Chief Executive Officer stated, “We are pleased with our strong performance and disciplined cash management and remain focused on our long-term profitable growth and ability to consistently return capital to our stockholders on a go forward basis, evidenced by the 100% increase in our annualized dividend to $2.00 per share.”
Payment is expected to be made in September to stockholders of record at the close of business on September 14, 2021.
As increased, the CWH Class A common stock cash dividend would be funded by a regular quarterly cash dividend of $0.15 per common unit cash distribution by CWGS Enterprises, LLC to all holders of its common units, and a $0.35 per share regular quarterly cash dividend representing a portion of excess tax distributions from CWGS Enterprises, LLC to holders of its common units.