Camping World Declares Regular and Special Dividend
December 02 2019 - 4:05PM
Business Wire
Camping World Holdings, Inc. (NYSE: CWH) (the “Company,”
“Camping World,” “we,” “us” or “our”), announced today that its
Board of Directors declared a cash dividend of $0.1532 per share on
the Company’s Class A Common Stock and a cash distribution of $0.08
per common unit on CWGS Enterprises, LLC’s common units. Payment is
expected to be made on December 30, 2019, to stockholders of record
at the close of business on December 16, 2019.
The CWH Class A common stock cash dividend is comprised of a
regular quarterly cash dividend of $0.08 per share funded by the
$0.08 per common unit cash distribution by CWGS Enterprises, LLC to
all holders of its common units, and a $0.0732 per share special
cash dividend representing a portion of excess tax distributions
from CWGS Enterprises, LLC.
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, its business prospects and other factors that
Camping World’s Board of Directors may deem relevant. In addition
to the regular quarterly dividend, Camping World intends to
continue to pay a special cash dividend of all or a portion of
excess tax distributions to holders of Camping World Class A common
stock.
About Camping World Holdings, Inc.
Camping World Holdings,Inc. and its subsidiaries is America’s
largest retailer of recreational vehicles (“RV’s”) and RV-related
products and services. With a mission to make RVing fun and easy,
our national network of more than 175 retail locations and
comprehensive e-commerce platform offers RV enthusiasts the
industry’s most comprehensive portfolio of recreational vehicles
and RV-related products, services, protection plans and resources.
Founded in 1966, our Camping World stores and Good Sam plans and
programs have been serving the RV community for over 50 years and
we are a one-stop shop for everything RV. Camping World is
headquartered in Lincolnshire, IL and has stores located in 36
states.
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
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including, without limitation, statements regarding future
declarations of quarterly dividends and our intentions regarding
special cash dividends. 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 those described in our filings with the Securities and
Exchange Commission, including under the caption “Risk Factors” in
Item 1A of Part I of our Annual Report on Form 10-K filed with the
Securities and Exchange Commission, or SEC, on March 15, 2019.
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/20191202005220/en/
Investors: John Rouleau John.Rouleau@CampingWorld.com
Media Outlets: Karen Porter PR-CWGS@campingworld.com
Camping World (NYSE:CWH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Camping World (NYSE:CWH)
Historical Stock Chart
From Sep 2023 to Sep 2024