Tempur Sealy Announces Second Quarter Cash Dividend

Rhea-AI Summary

Tempur Sealy International (NYSE: TPX) declared a $0.07 cash dividend for Q2 2021, payable on May 27, 2021, to shareholders of record by May 13, 2021. This move reflects the company’s commitment to returning value to its shareholders while reinforcing its leadership in the bedding industry. With a century of innovation, Tempur Sealy continues to focus on improving global sleep quality through its well-known brands like Tempur-Pedic and Sealy.

Positive

• Declaration of $0.07 cash dividend per share.
• Dividend payment reflects shareholder value and company confidence.
• Strong brand presence with a commitment to innovation and quality.

Negative

• None.

LEXINGTON, Ky., April 29, 2021 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that its Board of Directors has declared a second quarter cash dividend on its common stock of $0.07 per share. The dividend is payable on May 27, 2021 to shareholders of record as of May 13, 2021. 

About Tempur Sealy International, Inc.

Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. As a global leader in the design, manufacture and distribution of bedding products, we know how crucial a good night of sleep is to overall health and wellness. Utilizing over a century of knowledge and industry-leading innovation, we deliver award-winning products that provide breakthrough sleep solutions to consumers in over 100 countries.

Our highly recognized brands include Tempur-Pedic, Sealy® featuring Posturepedic® Technology, and Stearns & Foster® and our non-branded offerings include value-focused private label and OEM products. Our distinct brands allow for complementary merchandising strategies and are sold through third-party retailers, our Company-owned stores and e-commerce channels. This omni-channel strategy ensures our products are offered wherever and however customers want to shop. 

Lastly, we accept our global responsibility to serve all stakeholders, our community and environment.  We have and are implementing programs consistent with our responsibilities.

Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com

View original content:http://www.prnewswire.com/news-releases/tempur-sealy-announces-second-quarter-cash-dividend-301279732.html

SOURCE Tempur Sealy International, Inc.

FAQ

What is the dividend amount announced by Tempur Sealy for Q2 2021?

Tempur Sealy announced a cash dividend of $0.07 per share for Q2 2021.

When will the dividend be paid to shareholders?

The dividend is payable on May 27, 2021.

What is the record date for the dividend payment?

Shareholders must be on record by May 13, 2021, to receive the dividend.

How does the dividend announcement affect Tempur Sealy's stock?

The dividend announcement generally signifies the company’s strong financial health and commitment to returning value to shareholders, which could positively influence its stock price.