Camping World Holdings, Inc.’s Board of Directors declared a regular cash dividend of $0.625 per share on the Company’s Class A Common Stock.
Payment is expected to be made March 29, 2023, to stockholders of record at the close of business March 14, 2023.
With 44.47 million shares outstanding, according to Yahoo Finance, the dividend payment will cost Camping World $27.794 million.
“Our organization is taking decisive action on SG&A, capex, and underperforming assets,” Camping World Chairman and CEO Marcus Lemonis said, “so that we have the flexibility to continue to make accretive dealership acquisitions and return capital to shareholders through the dividend.”
Future quarterly dividend declarations are subject to the determination and discretion of Camping World’s Board of Directors, the company said, based on its consideration of various factors.