Pool Corp. (POOL) Announces Additional $196.2M Share Buyback

Pool Corporation (Nasdaq: POOL) announced today that its Board of Directors (the Board) has authorized an additional $196.2 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 $403.8 million remaining under its existing authorization as of May 3, 2022, bringing its total authorization available to $600.0 million.

The company also announced that the Board has declared a quarterly cash dividend of $1.00 per share, a 25% increase over the previous quarterly dividend amount of $0.80 per share. The dividend is payable on May 27, 2022 to stockholders of record on May 16, 2022. As of May 3, 2022, there were 40,024,923 shares of common stock outstanding.

Mr. Stokely, Chairman of the Board, commented, “I am proud to serve a company with a long-standing history of providing exceptional returns to shareholders. POOLCORP’s steady, consistent growth, backed by its experienced, strategically-minded management team, allows the company to extend the tradition of returning cash to shareholders through dividends and share repurchases. Today marks the 17th time that POOLCORP has increased its quarterly dividend payment since 2004. Our ability to share these returns demonstrates the stability of our core operating fundamentals, solid demand of our customers and stable management of our business.”

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