Camping World Holdings Inc. announced that its Board of Directors declared a cash dividend of $1.00 per share on the company’s Class A Common Stock and a cash distribution of 29 cents per common unit on CWGS Enterprises, LLC’s common units.
Payment is expected to be made on December 29, 2020 to stockholders of record at the close of business on December 15, 2020.
The CWH Class A common stock cash dividend of $1.00 per share is comprised of the regular quarterly cash dividend of 9 cents per share, a recurring special quarterly dividend of 14 cents per share, and a 77 cents per share one-time special cash dividend, all funded by the 29 cents per common unit cash distribution by CWGS Enterprises, LLC to all holders of its common units, including CWH, and a portion of the tax distributions from CWGS Enterprises, LLC that are in excess of the corporate income taxes payable by CWH.
Marcus Lemonis, chairman and chief executive officer of Camping World stated, “I’m very pleased to be in a position to return capital to our shareholders based on our strong results and cash position thus far in 2020. We are very excited to close the year and look forward to 2021.”
Future declarations of quarterly dividends and special dividends are subject to the determination and discretion of Camping World’s Board of Directors based on its consideration of various factors, including the company’s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, its business prospects and other factors that Camping World’s Board of Directors may deem relevant.
Photo courtesy Camping World