Academy Sports + Outdoors Increases Quarterly Cash Dividend

Rhea-AI Summary

Academy Sports and Outdoors (Nasdaq: ASO) has announced an increase in its quarterly cash dividend. The company's Board of Directors declared a quarterly dividend of $0.13 per share for the fiscal quarter ended February 1, 2025, representing an 18% increase from the previous quarterly payment.

The dividend will be payable on April 17, 2025, to stockholders of record as of the close of business on March 25, 2025.

Positive

• 18% increase in quarterly dividend
• Demonstrates strong cash flow position
• Shows commitment to shareholder returns

Negative

• Higher cash outflow for dividend payments

KATY, Texas, March 7, 2025 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that on March 6, 2025, its Board of Directors declared a quarterly cash dividend with respect to the fiscal quarter ended February 1, 2025 of $0.13 per share of the Company's common stock, an approximately 18% increase from the previous quarterly cash dividend payment. This quarterly cash dividend is payable on April 17, 2025, to stockholders of record as of the close of business on March 25, 2025.

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 more than 300 stores across 21 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 the Company'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 and the Company's future financial condition to support future dividend, 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. The Company undertakes no obligation to publicly update or review any forward-looking statement, except as may be required by any applicable securities laws.

Media inquiries:
Meredith Klein, Vice President of Communications
346.823.6615
meredith.klein@academy.com

Investor inquiries:
Dan Aldridge, Vice President of Investor Relations
832.739.4102
Dan.aldridge@academy.com

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SOURCE Academy Sports + Outdoors

FAQ

What is the new quarterly dividend amount for Academy Sports (ASO) stock?

Academy Sports (ASO) has declared a quarterly dividend of $0.13 per share for Q1 2025.

When will Academy Sports (ASO) pay its next dividend?

The dividend will be paid on April 17, 2025, to shareholders of record as of March 25, 2025.

How much did Academy Sports (ASO) increase its dividend in March 2025?

Academy Sports increased its quarterly dividend by approximately 18% in March 2025.

What is the record date for ASO's Q1 2025 dividend?

The record date for ASO's Q1 2025 dividend is March 25, 2025.