KATY, Texas - Academy Sports and Outdoors, Inc. (NASDAQ:ASO), a leading sporting goods and outdoor recreation retailer, has declared a quarterly cash dividend of $0.11 per share for the fiscal quarter ending February 3, 2024. This represents a 22% increase from the company's previous quarterly dividend.
The new dividend is scheduled to be paid on April 18, 2024, to shareholders who are on record as of March 26, 2024. This announcement reflects Academy's ongoing commitment to providing shareholder value and confidence in its financial position.
Academy Sports + Outdoors, which operates 282 stores across 18 states, was founded in 1938 and has established itself as a prominent retailer in the industry. The company offers a wide range of products in outdoor, apparel, sports & recreation, and footwear, serving a diverse consumer base through both national brands and private label offerings.
While the press release includes forward-looking statements regarding the payment of the dividend and the company's future performance, these are subject to various risks and uncertainties. It should be noted that actual results could differ from expectations, and Academy does not assume any obligation to update these statements as per securities laws.
This dividend increase is based on the company's financial results for the quarter ended February 3, 2024, and is part of Academy's strategy to support future dividend growth. The information provided is based on a press release statement from Academy Sports + Outdoors.
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