Pool Corp hikes dividend by 10% to $1.10 quarterly in 2023

Pool Corporation (symbol POOL) has declared a quarterly cash dividend of $1.10 per share, a 10% increase over the previous quarterly dividend amount of $1.00 per share. The dividend is payable on May 31, 2023 to stockholders of record on May 17, 2023. As of May 3, 2023, there were 39,041,377 shares of common stock outstanding.

For Pool Corp this marks the 13th consecutive year of dividend growth with a 5 yr CAGR of 19.6%. Actually the dividend is now hiked by double digits 11 times in the last 12 years. The dividend yield for POOL is 1.3% at a stock price of $344.87.

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company's customers include swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors, and golf courses and other commercial customers. The company has been paying a dividend to shareholders every year since 2004.