Pool Corp. (POOL) Raises Quarterly Dividend 25% to $1.00; 1% Yield

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Go back to Pool Corp. (POOL) Raises Quarterly Dividend 25% to $1.00; 1% Yield

Pool Corporation Announces an Increase in Its Share Repurchase Program to a Total Authorization of $600 Million, a Quarterly Cash Dividend Increase and 2022 Annual Meeting of Stockholders Voting Resul

May 4, 2022 5:38 PM EDT

COVINGTON, La., May 04, 2022 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM: 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 companys 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... More