Camping World Holdings Inc.’s Board of Director declared a regular quarterly dividend Tuesday.
The dividend is 12.5 cents per share to shareholders of record Sept. 14. Payment is expected to be made Sept. 29.
The dividend is an 80% decrease from the 62.5-cents-per-share dividend previously issued.
“After concluding its review of the company’s capital allocation strategy,” the company said, “the board has elected to modify its quarterly dividend to reflect the prioritization of capital allocation towards RV dealership acquisitions. Since Jan. 1, 2023, the company has opened, acquired or signed letters of intent with over 30 RV dealership locations.”
Camping World has about 44.47 million shares outstanding, according to Yahoo Finance. The dividend payment will return about $5.56 million to shareholders.
At its previous dividend rate, Camping World would have returned about $27.79 million to shareholders.
