Pool Corporation Plans Quarterly Dividend of $1.25 (NASDAQ:POOL)

Key Points

• Pool Corporation has declared a quarterly dividend of $1.25 per share, reflecting a $5.00 annualized dividend and a yield of 1.60%, payable on August 28th to stockholders of record by August 14th.
• The company reported $5.17 earnings per share in its latest quarterly earnings, surpassing analysts' estimates, with a revenue of $1.78 billion, slightly under the consensus expectation of $1.79 billion.
• Institutional investors hold a significant 98.99% stake in Pool, with major firms such as Acadian Asset Management and Millennium Management increasing their positions in the first quarter of the year.

Pool Corporation (NASDAQ:POOL - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Thursday, August 14th will be paid a dividend of 1.25 per share by the specialty retailer on Thursday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, August 14th.

Pool has a dividend payout ratio of 41.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pool to earn $12.83 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 39.0%.

Pool Stock Up 0.2%

NASDAQ:POOL traded up $0.53 during trading hours on Friday, reaching $308.67. 493,254 shares of the company traded hands, compared to its average volume of 588,676. The business's 50-day moving average price is $301.72 and its two-hundred day moving average price is $317.30. The stock has a market capitalization of $11.52 billion, a P/E ratio of 28.48, a P/E/G ratio of 4.25 and a beta of 1.07. Pool has a 1 year low of $282.22 and a 1 year high of $395.60. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the business earned $4.99 earnings per share. The company's revenue was up .9% on a year-over-year basis. Analysts predict that Pool will post 11.32 earnings per share for the current year.

Pool declared that its board has authorized a stock buyback program on Wednesday, April 30th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.