Camping World Holdings Inc. announced that its Board of Directors has approved a 12.5 percent increase in the company’s regular quarterly dividend from 8 cents per share to 9 cents per share, or 4 cents per share on an annualized basis.
Additionally, the Board of Directors approved a 9.29 percent increase in the quarterly special dividend paid to holders of the company’s Class A Common Stock from $0.0732 per share to $0.08 per share, or $0.0272 per share on an annualized basis. The quarterly special dividend represents a portion of excess tax distributions made by CWGS Enterprises, LLC to the company.
Marcus Lemonis, chairman and chief executive officer, stated, “This dividend increase is a reflection of our strong financial and cash, our performance position and the continued confidence in our abilities to generate long-term profitable growth and return capital to our shareholders.”
Since the company’s founding in 1966, Camping World has grown to more than 145 RV centric locations in 36 states and an e-commerce platform.
Photo courtesy Camping World
