LINCOLNSHIRE, Ill. - Camping World Holdings, Inc. (NYSE:CWH), a prominent retailer of recreational vehicles (RVs), announced Monday that its Board of Directors has approved a regular cash dividend of $0.125 per share on the Company's Class A Common Stock. The dividend is scheduled for distribution on June 27, 2024, to shareholders of record as of the close of business on June 13, 2024.
The decision to declare dividends in the future remains at the discretion of Camping World's Board of Directors. Factors that will influence future dividend declarations include the Company's operational results, financial status, debt levels, anticipated capital needs, contractual and legal restrictions, and other relevant considerations.
Camping World, with its headquarters in Lincolnshire, IL, prides itself on being the world's largest RV retailer, providing a variety of products and services related to RVs. The Company operates under the Camping World and Good Sam brands, which have been serving RV enthusiasts since 1966. With a national network of RV dealerships and service centers, Camping World aims to deliver long-term value to customers, employees, and shareholders.
The forward-looking statements regarding future dividend declarations are based on current expectations and projections. However, these statements are subject to various risks and uncertainties that could cause actual outcomes to differ materially from those anticipated.
This press release, which contains information about the declared dividend and the factors that may influence future dividend decisions, is based on a statement from Camping World Holdings, Inc.
It is important to note that the forward-looking statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
Investors are advised to consider the risks and uncertainties described in the Company's SEC filings, including the "Risk Factors" section of its Annual Report on Form 10-K for the year ended December 31, 2023. Camping World does not intend to update these forward-looking statements publicly and encourages investors to consult any further disclosures made in the Company's subsequent public announcements and SEC filings.
InvestingPro Insights
Camping World Holdings, Inc. (NYSE:CWH) continues to navigate the challenges of the recreational vehicle market, as reflected in recent financial metrics and analyst expectations. According to InvestingPro data, the company currently holds a market capitalization of $1.84 billion USD, demonstrating its significant presence in the industry.
Still, investors should note the company's high Price/Earnings (P/E) ratio, which stands at 175.89, indicating that the stock might be trading at a premium compared to its earnings. Moreover, the Price/Book (P/B) ratio is also elevated at 18.62, suggesting that the market values the company's assets quite highly.
Despite a decrease in revenue growth over the last twelve months, with a -10.13% change, the company has maintained its commitment to shareholders by continuing its dividend payments for nine consecutive years. This is underscored by a dividend yield of 2.25% as of the latest data. With the next earnings date set for July 30, 2024, investors will be keen to see if the expected growth in net income materializes and how it might impact future dividends.
One InvestingPro Tip that stands out is the significant debt burden that Camping World operates with. This is a critical factor for investors to consider, especially when evaluating the company's financial health and its ability to sustain dividend payments. Another notable InvestingPro Tip is that analysts have revised their earnings estimates downwards for the upcoming period, which may influence the stock's performance and should be monitored closely.
For investors seeking more in-depth analysis, InvestingPro offers additional insights into Camping World Holdings, Inc., including a total of 11 InvestingPro Tips that can provide more context on the company's financial situation and stock performance.
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