Pool Corporation (NASDAQ:POOL) Stock to Pay Quarterly Dividend of $1.30

Key Points

• Pool Corporation declared a quarterly dividend of $1.30 per share, payable November 25 to shareholders of record November 11. The annualized dividend is $5.20 per share, representing a 2.7% yield.
• Pool has increased its dividend for 15 consecutive years, with a current payout ratio of 43.6%, indicating the dividend is supported by earnings.
• The company beat third-quarter expectations, reporting $3.40 in EPS and $1.50 billion in revenue, up 3.7% year over year.

Pool Corporation (NASDAQ:POOL - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $1.30 per share by the specialty retailer on Wednesday, November 25th. This represents a $5.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th.

Pool has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 15 years. Pool has a payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pool to earn $11.57 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 44.9%.

Pool Stock Up 0.4%

Shares of Pool stock opened at $195.59 on Thursday. Pool has a 12-month low of $152.70 and a 12-month high of $290.02. The company has a quick ratio of 0.86, a current ratio of 2.46 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average price of $174.43 and a two-hundred day moving average price of $203.43. The stock has a market capitalization of $7.11 billion, a P/E ratio of 17.99, a PEG ratio of 3.05 and a beta of 1.05.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $3.40 EPS for the quarter, beating analysts' consensus estimates of $3.36 by $0.04. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Pool had a net margin of 7.27% and a return on equity of 33.50%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.39 earnings per share. Equities analysts expect that Pool will post 10.95 earnings per share for the current year.

Pool Company Profile

Pool Corporation, doing business as POOLCORP, is a wholesale distributor of swimming pool and outdoor living products. The company supplies pool contractors, retailers, builders, and service professionals with products used to construct, renovate, maintain, and enhance residential and commercial pools.

Its product offerings include swimming pool equipment, pumps, filters, heaters, cleaners, lighting, chemicals, replacement parts, and maintenance supplies. POOLCORP also distributes products for outdoor living, including patio and recreational items, as well as irrigation and landscape-related supplies in selected markets.

Founded in 1993 and headquartered in Covington, Louisiana, POOLCORP serves customers through a network of distribution centers and sales operations in the United States, Canada, Europe, and Australia.

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