advertisement

Camping World Holdings announces 75% increase in special quarterly dividend

Lincolnshire-based Camping World Holdings, America's leading recreational vehicle and outdoor retailer, recently announced that its Board of Directors has approved a 75% increase in its quarterly special dividend paid to holders of Class A Common Stock from $0.08 per share to $0.14 per share, an increase of $0.06 per share on a quarterly basis and $0.24 per share on an annualized basis. The quarterly special dividend represents a portion of excess tax distributions made by CWGS Enterprises, LLC to the Company.

When combined with the company's regular quarterly dividend of $0.09 per share, holders of the Company's Class A Common Stock are expected to receive a total of $0.92 per share in annual dividends.

"This dividend increase is a reflection of our strong financial and cash position, our performance and the continued confidence in our abilities to generate long-term profitable growth and return capital to our shareholders," said Marcus Lemonis, Chairman and Chief Executive Officer.

Camping World Holdings offers an extensive assortment of recreational vehicles for sale, RV and camping gear, RV maintenance and repair, other outdoor and active sports products, and the industry's broadest and deepest range of services, protection plans, products and resources. Since the Company's founding in 1966, Camping World has grown to become one of the most well-known destinations for everything RV, with more than 160 locations in 36 states and a comprehensive e-commerce platform. For more information, visit CampingWorld.com.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.