Academy Sports + Outdoors Announces Quarterly Cash Dividend

Rhea-AI Summary

Academy Sports and Outdoors announced on June 6, 2024, that its Board of Directors approved a quarterly cash dividend of $0.11 per share for the fiscal quarter ending May 4, 2024.

The dividend will be paid on July 18, 2024, to shareholders who are on record by June 20, 2024.

Positive

• Quarterly dividend of $0.11 per share approved.
• Dividend payout scheduled for July 18, 2024.
• Shareholders of record by June 20, 2024, are eligible for the dividend.

Negative

• None.

KATY, Texas, June 6, 2024 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that its Board of Directors approved the declaration of a quarterly cash dividend with respect to the fiscal quarter ended May 4, 2024 of $0.11 per share of the Company's common stock. The dividend is payable on July 18, 2024, to stockholders of record as of the close of business on June 20, 2024.

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 285 stores across 19 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. 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 factors that are set forth in Academy's filings with the U.S. Securities and Exchange Commission. 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, except as may be required by any applicable securities laws.

Media inquiries: 
Allan Rojas, Communications Director
281.944.6048
allan.rojas@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 quarterly dividend did Academy Sports and Outdoors announce?

Academy Sports and Outdoors announced a quarterly cash dividend of $0.11 per share.

When will Academy Sports and Outdoors pay the dividend?

The dividend will be paid on July 18, 2024.

Who is eligible to receive the Academy Sports and Outdoors (ASO) dividend?

Shareholders of record as of the close of business on June 20, 2024, are eligible to receive the dividend.

What is the ticker symbol for Academy Sports and Outdoors?

The ticker symbol for Academy Sports and Outdoors is ASO.