Camping World Declares Third Quarter Dividend
August 01 2023 - 4:05PM
Business Wire
Capital Allocation Strategy Focused on RV
Dealership Acquisitions
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), the
World’s Largest Recreational Vehicle Dealer, today announced that
its Board of Directors declared a regular cash dividend of $0.125
per share of the Company’s Class A common stock. Payment is
expected to be made on September 29, 2023 to stockholders of record
at the close of business on September 14, 2023.
After concluding its review of the Company’s capital allocation
strategy, the Board has elected to modify its quarterly dividend to
reflect the prioritization of capital allocation towards RV
dealership acquisitions. Since January 1, 2023, the Company has
opened, acquired, or signed letters of intent with over 30 RV
dealership locations.
Future declarations of quarterly dividends are subject to the
determination and discretion of Camping World’s Board of Directors
based on its consideration of various factors, including the
Company’s results of operations, financial condition, level of
indebtedness, anticipated capital requirements, contractual
restrictions, restrictions in its debt agreements, restrictions
under applicable law, receipt of excess or surplus of tax
distributions received from CWGS Enterprises, LLC, its business
prospects and other factors that Camping World’s Board of Directors
may deem relevant.
About Camping World Holdings,
Inc. Camping World Holdings, Inc., headquartered in
Lincolnshire, IL, (together with its subsidiaries) is the World’s
largest retailer of RVs and related products and services. Our
vision is to build a long-term legacy business that makes RVing fun
and easy. Our Camping World and Good Sam brands have been serving
RV consumers since 1966. We strive to build long-term value for our
customers, employees, and shareholders by combining a unique and
comprehensive assortment of RV products and services with a
national network of RV dealerships, service centers and customer
support centers along with the industry’s most extensive online
presence and a highly trained and knowledgeable team of employees
serving our customers, the RV lifestyle, and the communities in
which we operate. We also believe that our Good Sam organization
and family of programs and services uniquely enable us to connect
with our customers as stewards of the RV enthusiast community and
the RV lifestyle. With RV sales and service locations in 43 states,
Camping World has grown to become the prime destination for
everything RV. For more information, visit
www.CampingWorld.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning Camping World and other matters. All statements other
than statements of historical facts contained in this press release
may be forward-looking statements. Statements regarding the
anticipated benefits from and changes to the capital allocation
strategy, our future results of operations and financial position,
anticipated acquisitions, and future dividend payments are
forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’
‘‘should,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘anticipates,’’ ‘‘could,’’
‘‘intends,’’ ‘‘targets,’’ ‘‘projects,’’ ‘‘contemplates,’’
‘‘believes,’’ ‘‘estimates,’’ ‘‘predicts,’’ ‘‘potential’’ or
‘‘continue’’ or the negative of these terms or other similar
expressions. The forward-looking statements in this press release
are only predictions. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our business, financial condition and results of operations.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. You should carefully
consider the risks and uncertainties that affect our business,
including the important factors discussed under the caption “Risk
Factors” in our Annual Report on Form 10-K filed for the year ended
December 31, 2022 and our other reports filed with the SEC. These
forward-looking statements speak only as of the date of this
communication. Except as required by applicable law, we do not plan
to publicly update or revise any forward-looking statements,
whether as a result of any new information, future events or
otherwise. You are advised, however, to consult any further
disclosures we make on related subjects in our public announcements
and filings with the Securities and Exchange Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230801675256/en/
Brett Andress InvestorRelations@campingworld.com
Media Outlets: PR-CWGS@CampingWorld.com
Camping World (NYSE:CWH)
Historical Stock Chart
From Apr 2024 to May 2024
Camping World (NYSE:CWH)
Historical Stock Chart
From May 2023 to May 2024