Pool Corp. (POOL) Raises Quarterly Dividend 37.9% to $0.80; Approves $450M Buyback

Pool Corp. (NASDAQ: POOL) declared a quarterly dividend of $0.80 per share, or $3.2 annualized. This is a 37.9% increase from the prior dividend of $0.58.

The dividend will be payable on May 28, 2021, to stockholders of record on May 17, 2021, with an ex-dividend date of May 14, 2021.

The annual yield on the dividend is 0.7 percent.

The company also announced that the Board has authorized an additional $450.0 million under its existing share repurchase program for the purchase of the company’s common stock in the open market at prevailing market prices. This amount adds to the $107.4 million remaining under its existing authorization as of May 4, 2021, bringing its total authorization available to $557.4 million.

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

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