LINCOLNSHIRE, Illinois, November 21, 2022–(BUSINESS WIRE)–Camping World Holdings, Inc. (NYSE: CWH) (the “Company”, “Camping World”, “we”, “us”, or “our”), today announced that its Board of 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 on 29 December 2022 to shareholders of record as of the close of business on 14 December 2022.
Marcus Lemonis, president and chief executive officer, said, “As we work to reduce our SG&A and capital expenditures, we remain committed to growth and shareholder returns.”
Future quarterly dividend declarations 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, capital requirements contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, receipt of excess tax distributions from CWGS Enterprises, LLC, its business prospects, and other factors that the Camping World Board of Directors may deem relevant.
About Camping World Holdings, Inc.
Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is America’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to create long-term value for our customers, employees and shareholders by combining a unique and comprehensive assortment of RV products and services with a nationwide network of RV dealerships, service centers and customer service centers coupled with the industry’s largest online presence and a highly trained and knowledgeable team of associates serving our customers, the RV lifestyle and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enable us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With RV sales and service locations in 42 states, Camping World has grown to become the premier destination for all things RV. For more information, visit www.CampingWorld.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements pursuant to the Private Securities Litigation Reform Act of 1995 regarding Camping World and other matters. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Statements regarding our future operating results and financial position, including reductions in SG&A expenses and capital expenditures, growth, capital return strategy and expected dividend payments are forward-looking statements. In some cases, forward-looking statements may be identified with terms such as “may”, “will”, “should”, “expects”, “plans”, “anticipates”, ”may,” ”intends,” ”targets,” ”plans”, ”contemplates,” ”believes,” ”estimates,” ”predicts,” ‘potential” or ”continues” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties affecting our business, including the important factors discussed in the “Risk Factors” caption in our annual report on Form 10-K filed for the year ended December 31, 2021 and our other reports filed in the SEC. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to review any additional disclosures we provide on related topics in our public announcements and filings with the Securities and Exchange Commission.
View the source version at businesswire.com: https://www.businesswire.com/news/home/20221121005081/en/
For Camping World Holdings, Inc.
#Camping #World #Declares #Fourth #Quarter #Dividend #Shareholders #Record #December #paid #December