Camping World Declares First Quarter Dividend For Stockholders of Record on March 14, 2024 to Be Paid on March 29, 2024

Rhea-AI Summary

Camping World Holdings, Inc. (CWH) declared a regular cash dividend of $0.125 per share on its Class A Common Stock. The payment is scheduled for March 29, 2024, to stockholders of record on March 14, 2024. Future dividends will depend on the Board's evaluation of operational results, financial health, debt levels, capital needs, legal constraints, and business outlook.

Insights

Financial Analyst

The declaration of a regular cash dividend by Camping World Holdings, Inc. indicates a stable and potentially positive cash flow situation, which can be attractive to investors looking for regular income from their investments. The dividend yield, calculated as annual dividends per share divided by the price per share, is a key metric that can influence investor sentiment and stock valuation. In the short-term, the announcement may lead to an uptick in stock price as it signals confidence by the board in the company's financial health.

However, the long-term implications depend on the company's ability to sustain these dividends. Investors will closely monitor the company's earnings, debt levels and cash flows in subsequent quarters to ensure the dividend payout is not adversely affecting the company's growth prospects or leading to an unsustainable draw on its cash reserves. The mention of various factors that the board will consider for future dividends highlights the dynamic nature of dividend policies, which can be subject to change based on the company's performance and broader economic conditions.

Market Research Analyst

The dividend announcement by Camping World Holdings, Inc. is also a reflection of the company's positioning within the recreational vehicle (RV) industry. The RV market has been subject to fluctuations with changing consumer travel preferences, especially during and post the pandemic era. A regular dividend could suggest that Camping World is maintaining a healthy balance between investing in growth and returning value to shareholders.

Investors might also interpret this as a signal that the company is not foreseeing any immediate large-scale capital expenditures or acquisitions that would require retaining a larger portion of its earnings. This could imply a maturing market position with a focus on maintaining market share rather than aggressive expansion. Analysts may compare the dividend payout ratio with industry averages to assess the sustainability of dividends relative to earnings and to gauge Camping World's financial strategy against its peers.

Legal Expert

From a legal perspective, the company's statement regarding the consideration of 'contractual restrictions, restrictions in its debt agreements and restrictions under applicable law' is significant. This indicates that Camping World is cognizant of its legal and contractual obligations and is ensuring that its dividend policy is in compliance with such requirements. It is also indicative of a prudent approach to corporate governance.

Investors and analysts should note that the ability to pay dividends can be constrained by covenants in debt agreements, which often include financial maintenance covenants that could limit dividend payments if certain financial ratios are not met. The company's awareness and explicit mention of these restrictions underscore the importance of understanding the legal and financial framework within which dividends are declared and paid.

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Camping World Holdings, Inc. (NYSE: CWH) (the “Company” or “Camping World”) announced today that its Board of Directors declared a regular cash dividend of $0.125 per share on the Company’s Class A Common Stock. Payment is expected to be made on March 29, 2024 to stockholders of record at the close of business on March 14, 2024.

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, receipt of excess or surplus of tax distributions received from CWGS Enterprises, LLC, its business prospects and other factors that Camping World’s Board of Directors may deem relevant.

About Camping World Holdings, Inc.

Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is the world’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy. Our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry’s most extensive online presence and a highly trained and knowledgeable team of employees serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enable us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With RV sales and service locations in 43 states, Camping World has grown to become the prime destination for everything RV. For more information, visit www.CampingWorld.com.

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 other than statements of historical facts contained in this press release may be forward-looking statements including statements about the future declarations of quarterly dividends are forward-looking statements. 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 (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2022. 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 SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240220823858/en/

For Camping World Holdings, Inc.

Investors

Brett Andress

InvestorRelations@campingworld.com

Media Outlets

PR-CWGS@CampingWorld.com

Source: Camping World

FAQ

When is Camping World Holdings, Inc. (CWH) paying its next dividend?

Camping World Holdings, Inc. (CWH) is expected to pay a regular cash dividend of $0.125 per share on March 29, 2024.

What is the amount of the dividend declared by Camping World Holdings, Inc. (CWH)?

Camping World Holdings, Inc. (CWH) declared a regular cash dividend of $0.125 per share.

How often does Camping World Holdings, Inc. (CWH) declare dividends?

Camping World Holdings, Inc. (CWH) declares quarterly dividends subject to the Board of Directors' discretion.

On what basis does Camping World Holdings, Inc. (CWH) determine its dividend payments?

Camping World Holdings, Inc. (CWH) bases its dividend declarations on factors like operational results, financial condition, debt levels, capital needs, legal restrictions, and business outlook.