dividend
confidence high
sentiment positive
materiality 0.75
Goosehead Insurance declares $5.91 special dividend, closes $300M term loan
Goosehead Insurance, Inc.
- One-time special cash dividend of $5.91 per share payable Jan 31, 2025 to holders of record Jan 21, 2025.
- $1.22 per share funded from excess tax distributions; $4.69 from distribution by Goosehead Financial, LLC.
- Subsidiary closed $300M term loan B (SOFR+3.50%) and $75M revolver, maturing 2032/2030.
- Proceeds used to retire existing $93M term loan and fund the special dividend.
- Goosehead Financial, LLC declared $175M special distribution to LLC unit holders.