Pool Corp. (POOL) Raises Quarterly Dividend 19.2% to $0.31; 1.4% Yield

Pool Corp. (NASDAQ: POOL) declared a quarterly dividend of $0.31 per share, or $1.24 annualized. This is a 19.2% increase from the prior dividend of $0.26.

The dividend will be payable on June 2, 2016, to stockholders of record on May 19, 2016, with an ex-dividend date of May 17, 2016.

The annual yield on the dividend is 1.4 percent.

At POOLCORP’s annual meeting of stockholders on May 4, 2016, stockholders elected Andrew W. Code, Timothy M. Graven, Manuel J. Perez de la Mesa, Harlan F. Seymour, Robert C. Sledd, John E. Stokely, David G. Whalen and Wilson B. Sexton to serve as directors for the ensuing year.

The voting results on the other proposals for this year’s meeting are as follows:

• ratified the retention of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal 2016;
• approved, on an advisory, non-binding basis, the compensation of our named executive officers (the say-on-pay vote);
• re-approved the Pool Corporation Strategic Plan Incentive Plan;
• approved the Pool Corporation Amended and Restated 2007 Long-Term Incentive Plan;
• approved the Pool Corporation Executive Officer Annual Incentive Plan; and
• approved the Pool Corporation Amended and Restated Employee Stock Purchase Plan.

Speaking at the meeting, Mr. Sexton, Chairman of the Board, commented, “The Board appreciates the enduring confidence that stockholders place in us. We look forward to diligently fulfilling our stewardship responsibilities while continuing to help further POOLCORP’s mission. We also want to take this opportunity to thank our departing board members, Jim Gaffney and George Haymaker. I would like to add how grateful we are to have had the invaluable direction and counsel they have provided over their many years of service.”

For a dividend history and other dividend-related data on Pool Corp. (POOL) click here.

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