The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Nov 21, 2016
LINCOLNSHIRE, Illinois - Camping World Holdings Inc. has announced that its Board of Directors declared a cash dividend of $0.08 per share on the company’s Class A Common Stock and equivalent payments to the common unit holders of CWGS Enterprises, LLC. Payment will be made on Dec. 20, to stockholders of record at the close of business on Dec. 7.
Camping World intends to pay a regular quarterly cash dividend to the holders of its Class A common stock, funded by a regular quarterly cash distribution by CWGS Enterprises, LLC to all common unit holders. The dividend initiation is occurring three months earlier and at a higher level than anticipated in the prospectus, dated Oct. 6, filed with the Securities and Exchange Commission in accordance with Rule 424(b) of the Securities Act of 1933, as amended, on Oct. 11 in connection with Camping World’s initial public offering.
“We are pleased to initiate our quarterly dividend program, which not only follows through on what we told investors during our IPO, but is also sooner and higher than initially expected," Camping World Chairman and CEO Marcus Lemonis says. "We believe this demonstrates our confidence in our growth prospects, free cash flow generation and long-term financial outlook. This dividend program reinforces our commitment to delivering value to our shareholders, while continuing to invest in our business and maintaining our strong balance sheet.”
“We intend to initiate the regular quarterly cash dividend at $0.08 per share, as compared to $0.0605 per share disclosed in our Prospectus," Camping World CFO Thomas Wolfe says. "Going forward, we will evaluate our dividend level based on our net income and free cash flow.”
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, its business prospects and other factors that Camping World’s Board of Directors may deem relevant. In addition to the regular quarterly dividend, Camping World intends to pay a special cash dividend of all or a portion of excess tax distributions to holders of Camping World Class A common stock commencing in 2017.