Academy Sports + Outdoors Announces Quarterly Cash Dividend

Rhea-AI Summary

Academy Sports and Outdoors (Nasdaq: ASO) has announced a quarterly cash dividend of $0.11 per share for the fiscal quarter ended August 3, 2024. The dividend will be payable on October 17, 2024, to stockholders of record as of the close of business on September 19, 2024. This decision, approved by the company's Board of Directors, demonstrates Academy's commitment to returning value to its shareholders. The regular dividend payout suggests financial stability and confidence in the company's cash flow generation capabilities.

Positive

• Declared quarterly cash dividend of $0.11 per share
• Demonstrates commitment to returning value to shareholders
• Indicates financial stability and positive cash flow

Negative

• None.

KATY, Texas, Sept. 5, 2024 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that its Board of Directors approved the declaration of a quarterly cash dividend with respect to the fiscal quarter ended August 3, 2024 of $0.11 per share of the Company's common stock. The dividend is payable on October 17, 2024, to stockholders of record as of the close of business on September 19, 2024. 

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 285 stores across 19 states. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy's current expectations and are not guarantees of future performance. The forward-looking statements include, among other things, statements regarding the payment of the dividend, including the timing and amount thereof, the Company's expectations regarding its future performance, and the Company's future financial condition to support future dividend growth and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify.  Actual results may differ materially from these expectations due to factors that are set forth in Academy's filings with the U.S. Securities and Exchange Commission.  Any forward-looking statement in this press release speaks only as of the date of this release. Academy undertakes no obligation to publicly update or review any forward-looking statement, except as may be required by any applicable securities laws.

Media inquiries: 
Allan Rojas, Communications Director
281.944.6048
allan.rojas@academy.com

Investor inquiries:
Matt Hodges, Vice President Investor Relations
281.646.5362
matt.hodges@academy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/academy-sports--outdoors-announces-quarterly-cash-dividend-302239969.html

SOURCE Academy Sports + Outdoors

FAQ

What is the dividend amount for Academy Sports and Outdoors (ASO) for Q2 2024?

Academy Sports and Outdoors (ASO) has declared a quarterly cash dividend of $0.11 per share for the fiscal quarter ended August 3, 2024.

When is the payment date for ASO's Q2 2024 dividend?

The dividend is payable on October 17, 2024, to stockholders of record as of the close of business on September 19, 2024.

What is the record date for Academy Sports and Outdoors' latest dividend?

The record date for Academy Sports and Outdoors' latest dividend is September 19, 2024, at the close of business.

How often does Academy Sports and Outdoors (ASO) pay dividends?

Based on the announcement, Academy Sports and Outdoors (ASO) pays dividends quarterly. This dividend is for the fiscal quarter ended August 3, 2024.