Academy Sports + Outdoors Announces Quarterly Cash Dividend

Rhea-AI Summary

Academy Sports and Outdoors, Inc. (ASO) has declared a cash dividend of $0.075 per share for the fiscal quarter ending October 29, 2022. The dividend payment will be made on January 13, 2023, to stockholders who are on record by the close of business on December 20, 2022. This announcement reflects the company's ongoing commitment to return value to its shareholders while maintaining a robust financial position.

Positive

• Dividend of $0.075 per share reflects ongoing shareholder value return.
• Payment date set for January 13, 2023, indicating timely financial management.

Negative

• None.

KATY, Texas, Dec. 6, 2022 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that its Board of Directors declared a cash dividend with respect to the fiscal quarter ended October 29, 2022 of $0.075 per share of the Company's common stock. The dividend is payable on January 13, 2023, to stockholders of record as of the close of business on December 20, 2022. 

About Academy Sports + Outdoors

Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 268 stores across 18 states. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy's current expectations and are not guarantees of future performance. You can identify these forward-looking statements by the use of words such as "outlook," "guidance," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. The forward-looking statements include, among other things, statements regarding the payment of the dividend, including the timing and amount thereof, the Company's expectations regarding its future performance, and the Company's future financial condition to support future dividend growth and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory and other factors, including ongoing inflation and continued increases in interest rates, many of which are beyond Academy's control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Academy's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 10-K, under the caption "Risk Factors," as may be updated from time to time in our periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date of this release. Academy undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

Media inquiries:
Elise Hasbrook, Vice President Communications
281.253.8200
elise.hasbrook@academy.com

Investor inquiries:
Matt Hodges, Vice President Investor Relations
281.646.5362
matt.hodges@academy.com

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SOURCE Academy Sports + Outdoors

FAQ

What is the dividend amount declared by Academy Sports and Outdoors (ASO)?

Academy Sports and Outdoors (ASO) declared a cash dividend of $0.075 per share.

When will the dividend for ASO be paid?

The dividend for ASO will be paid on January 13, 2023.

What is the record date for the ASO dividend?

The record date for the ASO dividend is December 20, 2022.

Is the ASO dividend sustainable?

The sustainability of the ASO dividend depends on the company's future financial performance and market conditions.