Pool Corporation (POOL) to Distribute Quarterly Dividend of $1.30 on August 27th

Pool Corporation (NASDAQ:POOL) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Thursday, August 13th will be given a dividend of 1.30 per share by the specialty retailer on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, August 13th.

Pool has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Pool has a dividend payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Pool to earn $11.85 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 43.9%.

Pool Stock Down 3.1%

Shares of NASDAQ POOL opened at $199.98 on Tuesday. The stock has a market capitalization of $7.27 billion, a PE ratio of 18.40, a P/E/G ratio of 2.79 and a beta of 1.06. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $199.14 and a 200-day moving average of $211.46. Pool has a 52-week low of $172.68 and a 52-week high of $336.15.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.05. Pool had a return on equity of 32.74% and a net margin of 7.40%.The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company posted $5.17 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, analysts anticipate that Pool will post 10.95 EPS for the current year.

Insider Buying and Selling at Pool

In related news, Director De La Mesa Manuel J. Perez bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $175.95 per share, with a total value of $1,759,500.00. Following the completion of the transaction, the director directly owned 40,108 shares of the company’s stock, valued at approximately $7,057,002.60. This represents a 33.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Pool

Several hedge funds and other institutional investors have recently bought and sold shares of POOL. BlackRock Inc. acquired a new stake in Pool during the second quarter valued at approximately $866,576,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Pool by 3,831.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock worth $457,955,000 after acquiring an additional 1,951,070 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Pool in the 2nd quarter worth $148,216,000. Norges Bank acquired a new stake in shares of Pool during the fourth quarter worth $97,612,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Pool by 16.2% during the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock valued at $794,825,000 after purchasing an additional 357,643 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.