dividend
confidence high
sentiment positive
materiality 0.85
European Wax Center declares $3.30/share special dividend via securitization
European Wax Center, Inc.
- Special cash dividend of $3.30 per Class A share payable May 6, 2022 to holders of record April 22, 2022.
- Aggregate payment of ~$209.4 million, including equivalent payments to EWC Ventures unit holders.
- Funded by existing cash and proceeds from $400 million whole business securitization closed April 6, 2022.
- CEO cites recurring service model and strong free cash flow as enabling capital return.