Camping World Holdings’ Board of Directors voted to increase the company’s quarterly dividend by 25%.
The change will increase the company’s regular dividend from $2 a share to $2.50 a share.
Marcus Lemonis, Camping World chairman and CEO, said the company’s primary objective continues to be investment into business growth. However, he said the management team “remains focused on a healthy return of capital to our shareholders.”
The board of directors declared its quarterly of $0.625 per share. Payment is expected to be made March 29 to stockholders of record at the close of business March 14.
Camping World is headquartered in Lincolnshire, Illinois, and founded in 1966. The company has over 185 locations in 40 states between Camping World and sister brand Gander RV.
