Pool Corporation Declares Quarterly Cash Dividend
Pool Corporation (POOL) declares a quarterly cash dividend of $1.10 per share, payable on March 28, 2024. POOLCORP is the largest wholesale distributor of swimming pool products, operating 440 sales centers globally.
The declaration of a quarterly cash dividend by Pool Corporation is a significant event for shareholders, as it directly impacts their investment returns. The dividend of $1.10 per share represents a transfer of wealth from the company to its shareholders and its size relative to the company's stock price can provide insights into the company's dividend yield, a key metric for income-focused investors. Additionally, the consistency and growth of dividend payments over time are often interpreted as signals of a company's financial health and management's confidence in future cash flows.
Analyzing the dividend in the context of the company's payout ratio—the percentage of earnings paid to shareholders as dividends—can offer a perspective on sustainability. If the payout ratio is too high, it may suggest that the company is returning more money to shareholders than it can afford, which could be unsustainable in the long term. Conversely, a low payout ratio might indicate room for future dividend growth. It's also essential to consider the company's capital allocation strategy, as dividends compete with other uses of cash, such as reinvestment in the business or debt repayment.
From a market research standpoint, the dividend announcement by Pool Corporation provides insights into the broader industry landscape. As the world's largest wholesale distributor of swimming pool and related backyard products, POOLCORP's financial strategies may serve as a benchmark for the sector. The company's ability to pay dividends can reflect its market position and operational efficiency, given the extensive distribution network and large customer base mentioned.
Understanding the demand dynamics for POOLCORP's products, which are likely seasonal and influenced by macroeconomic factors such as consumer spending and housing markets, is crucial. A healthy dividend can suggest that the company is successfully navigating these variables. Furthermore, the impact of this dividend declaration on the stock market can be significant, as it might affect investor sentiment towards the industry, potentially leading to a reevaluation of stock valuations within the sector.
02/28/2024 - 04:05 PM
COVINGTON, La., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board of Directors declared a quarterly cash dividend of $1.10 per share. The dividend will be payable on March 28, 2024, to holders of record on March 14, 2024.
POOLCORP is the world’s largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 440 sales centers in North America, Europe and Australia, through which it distributes more than 200,000 products to roughly 125,000 wholesale customers. For more information, please visit www.poolcorp.com .
Investor Relations Contacts:
Kristin S. Byarskristin.byars@poolcorp.com
Curtis J. Scheelcurtis.scheel@poolcorp.com
What is the dividend amount declared by Pool Corporation (POOL)?
Pool Corporation declared a quarterly cash dividend of $1.10 per share.
When will the dividend be payable to shareholders of Pool Corporation (POOL)?
The dividend will be payable on March 28, 2024.
How many sales centers does Pool Corporation (POOL) operate globally?
Pool Corporation operates approximately 440 sales centers in North America, Europe, and Australia.
How many wholesale customers does Pool Corporation (POOL) serve?
Pool Corporation distributes more than 200,000 products to roughly 125,000 wholesale customers.
Where can I find more information about Pool Corporation (POOL)?
For more information, visit www.poolcorp.com.
POOL Rankings
#1886 Ranked by Stock Gains
POOL Stock Data
Industry
Sporting and Recreational Goods and Supplies Merchant Wholesalers
Sector
Wholesale Trade
Tags
Sporting and Recreational Goods and Supplies Merchant Wholesalers , Wholesale Trade, Wholesale Distributors, Distribution Services
Country
US
City
Covington
About POOL
with more than 3,400 employees and over 300 locations worldwide, poolcorp leads the pack as the world's largest wholesale distributor of swimming pool supplies, equipment and related leisure products. our inventory includes a diverse range of products, from construction materials, replacement parts and fencing to pool care products and spas, with roughly 80,000 wholesale customers around the world. poolcorp offers a continuously expanding roster of products to its customers. there are presently more than 160,000 national brand and private label products in our network’s inventory. poolcorp constantly strives to locate products at the lowest possible cost, while at the same time maximizing supply logistics to deliver the best value to our customers. since our founding, poolcorp’s singular focus has been exceptional value. we are dedicated to promoting growth for our customers’ businesses, expanding opportunities for our employees and increasing returns for our shareholders.
