Camping World Holdings Inc. announced that its Board of Directors has approved a 75 percent increase in the company’s quarterly special dividend paid to holders of the company’s Class A Common Stock from 8 cents per share to 14 cents per share, an increase of 6 cents per share on a quarterly basis and 24 cents 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.
When combined with the company’s regular quarterly dividend of 9 cents per share, holders of the company’s Class A Common Stock are expected to receive a total of 92 cents per share in annual dividends.
Marcus Lemonis, chairman and chief executive officer, stated, “This dividend increase is a reflection of our strong financial and cash position, our performance and the continued confidence in our abilities to generate long-term profitable growth and return capital to our shareholders.”
Camping World has more than 160 locations in 36 states.
Photo courtesy Camping World