Camping World (CWH) Announces 8.69% Increase in Dividend to $1.00 Per Share on Annualized Basis

Camping World (NYSE: CWH)
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or the “Company”), America’s Recreation Dealer, today announced that its Board of Directors has approved an increase in the Company’s quarterly dividend paid to holders of the Company’s Class A common stock from $0.23 per share to $0.25 per share on a quarterly basis, an increase of $0.02 per share per quarter and $0.08 per share on an annualized basis.

As increased, the CWH Class A common stock cash dividend would be comprised of a regular quarterly cash dividend of $0.10 per share funded by a $0.10 per common unit cash distribution by CWGS Enterprises, LLC to all holders of its common units, and a $0.15 per share regular quarterly cash dividend representing a portion of excess tax distributions from CWGS Enterprises, LLC to holders of its common units.

Marcus Lemonis, Chairman and Chief Executive Officer stated, “We are pleased with our strong performance and financial and cash position, and continue to be confident in our abilities to generate long-term profitable growth and return capital to our stockholders.”

Future declarations of quarterly dividends are subject to the determination and discretion of Camping World’s Board of Directors based on its consideration of various factors, including the Company’s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, receipt of excess tax distributions from CWGS Enterprises, LLC, its business prospects and other factors that Camping World’s Board of Directors may deem relevant.

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