Pool Corp. (POOL) Raises Quarterly Dividend 19.4% to $0.37; Approves Additional $150M Buyback

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Go back to Pool Corp. (POOL) Raises Quarterly Dividend 19.4% to $0.37; Approves Additional $150M Buyback

Pool Corporation Announces Additional Authorization Under Share Repurchase Program, an Increase in Its Quarterly Cash Dividend and Voting Results for 2017 Annual Meeting of Stockholders

May 3, 2017 10:41 AM EDT

COVINGTON, La., May 03, 2017 (GLOBE NEWSWIRE) -- Pool Corporation (NASDAQ: POOL) announced today that its Board of Directors has authorized an additional $150.0 million under its existing share repurchase program for the purchase of the Companys common stock in the open market at prevailing market prices or in privately negotiated transactions.  This amount adds to the $46.6 million remaining under our existing authorization, bringing our total authorization available to $196.6 million.

The Company also announced that the Board has declared a quarterly cash dividend of $0.37 per share, a 19% increase over the... More