Pool Corporation (NASDAQ:POOL) Shareholders to Receive $1.30 Quarterly Dividend

Pool Corporation (NASDAQ:POOL) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be given a dividend of $1.30 per share by the specialty retailer on Wednesday, November 25th. This represents a $5.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th.

Pool has raised its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Pool has a payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pool to earn $11.57 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 44.9%.

Pool Trading Up 0.4%

NASDAQ:POOL opened at $195.59 on Thursday. Pool has a 1-year low of $152.70 and a 1-year high of $290.02. The business’s 50-day moving average price is $174.43 and its two-hundred day moving average price is $203.43. The company has a current ratio of 2.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 3.05 and a beta of 1.05.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.36 by $0.04. Pool had a net margin of 7.27% and a return on equity of 33.50%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company posted $3.39 EPS. Pool’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that Pool will post 10.95 earnings per share for the current year.

Hedge Funds Weigh In On Pool

A number of large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of Pool by 117.9% in the second quarter. IFP Advisors Inc now owns 122 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 66 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Pool by 2,660.0% during the second quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock worth $30,000 after buying an additional 133 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Pool by 214.3% during the second quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock worth $33,000 after buying an additional 105 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Pool during the second quarter worth about $47,000. Finally, Root Financial Partners LLC acquired a new stake in Pool in the 3rd quarter valued at approximately $35,000. Institutional investors own 98.99% of the company’s stock.

Pool Company Profile

Pool Corporation, doing business as POOLCORP, is a wholesale distributor of swimming pool and outdoor living products. The company supplies pool contractors, retailers, builders, and service professionals with products used to construct, renovate, maintain, and enhance residential and commercial pools.

Its product offerings include swimming pool equipment, pumps, filters, heaters, cleaners, lighting, chemicals, replacement parts, and maintenance supplies. POOLCORP also distributes products for outdoor living, including patio and recreational items, as well as irrigation and landscape-related supplies in selected markets.

Founded in 1993 and headquartered in Covington, Louisiana, POOLCORP serves customers through a network of distribution centers and sales operations in the United States, Canada, Europe, and Australia.