dividend
confidence high
sentiment positive
materiality 0.65
Pool Corp increases quarterly dividend to $1.20/share (+9%) and expands buyback to $600M
POOL CORP
- Quarterly dividend raised to $1.20/share from $1.10, a 9% increase; payable May 30, 2024 to record holders May 16.
- Share repurchase authorization increased to $600M total; adds $316.2M to the $283.8M remaining under existing program.
- 19th dividend increase since 2004; Chairman Stokely cited strong record of returning cash to shareholders.
- All eight director nominees elected; Ernst & Young ratified as auditor; say-on-pay approved.