Camping World Holdings Inc. (CWH) announced in a release issued today (May 31) 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 June 29 to stockholders of record at the close of business on June 15.
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 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.
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.
Since the company’s founding in 1966, Camping World has grown to become one of the most well-known destination for everything RV, with more than 140 retail locations in 36 states and comprehensive e-commerce platform. CWH also includes such brands as Gander Outdoors, Good Sam, Overton’s, The House, Uncle Dan’s, Windward/W82, Erehwon and Rock Creek.