Somnigroup Announces First Quarter Cash Dividend

Rhea-AI Summary

Somnigroup International (NYSE: SGI) has announced a 15% increase in its quarterly cash dividend to $0.15 per share, payable on March 20, 2025, to shareholders of record as of March 6, 2025. This marks the company's fifth dividend increase in four years, with the cash dividend more than doubling since its inception in 2021.

According to CEO Scott Thompson, the dividend increase reflects the company's strong market position and demonstrated ability to generate significant free cash flow.

Positive

• 15% increase in quarterly dividend to $0.15 per share
• Fifth dividend increase in four years
• Dividend has more than doubled since 2021
• Strong free cash flow generation capability

Negative

• None.

–  Increases quarterly cash dividend 15% to $0.15 per share

LEXINGTON, Ky., Feb. 20, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE: SGI, "Company" or "Somnigroup") today announced that its Board of Directors has declared a first quarter cash dividend on its common stock of $0.15 per share. The dividend is payable on March 20, 2025 to shareholders of record as of March 6, 2025. 

Somnigroup Chairman and CEO Scott Thompson commented, "We are pleased to announce this increase to our quarterly dividend. Our Board of Directors increased the quarterly dividend to $0.15 per share based on the strength of the Company's market position and demonstrated ability to generate significant free cash flow. This marks the fifth increase to our dividend over the last four years, more than doubling the cash dividend since its initiation in 2021."

About Somnigroup International Inc.

Somnigroup (NYSE: SGI) is the world's largest bedding company, dedicated to improving people's lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy® and Stearns & Foster®, and our global omni-channel platform enables us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions. 

We seek to deliver long-term value for our shareholders through prudent capital allocation, including managing investments in our businesses. We are guided by our core value of Doing the Right Thing and committed to our global responsibility to protect the environment and the communities in which we operate. For more information, please visit www.somnigroup.com.

Investor Relations Contact

Aubrey Moore
Investor Relations
Somnigroup International Inc.
800-805-3635
Investor.relations@somnigroup.com

 

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SOURCE Somnigroup International

FAQ

What is Somnigroup's new quarterly dividend amount for Q1 2025?

Somnigroup's new quarterly dividend is $0.15 per share, representing a 15% increase.

When will Somnigroup (SGI) pay its Q1 2025 dividend?

The dividend will be paid on March 20, 2025, to shareholders of record as of March 6, 2025.

How many times has SGI increased its dividend in the past four years?

Somnigroup has increased its dividend five times over the last four years.

When did Somnigroup (SGI) initiate its dividend program?

Somnigroup initiated its dividend program in 2021.

How much has SGI's dividend grown since its initiation?

The cash dividend has more than doubled since its initiation in 2021.