By Kelly Cloonan
Pool Corp. said it raised its quarterly dividend by about 4% and authorized an additional share repurchase of $309.2 million.
The new quarterly payout of $1.25, equal to $5 a year, represents an annual yield of about 1.7% based on Wednesday's closing price of $293.14.
The Covington, La., swimming pool product distributor said the increased dividend will be paid on May 29 to shareholders of record as of May 15.
The company also authorized an additional $309.2 million share repurchase, adding to its existing share-buyback program for a total of $600 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 30, 2025 18:17 ET (22:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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