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updated: 12/1/2017 11:57 AM

Lincolnshire's Camping World declares special dividend

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  • Camping World in Wauconda. CEO Marcus Lemonis turned Camping World into a multibillion-dollar RV company nationwide.

    Camping World in Wauconda. CEO Marcus Lemonis turned Camping World into a multibillion-dollar RV company nationwide.
    Gilbert R. Boucher II | Staff Photographer

 
Daily Herald Report

Camping World Holdings Inc. said Friday that its board of directors declared a cash dividend.

Payment is expected to be made on Dec. 29 to stockholders of record at the close of business on Dec. 15.

The CWH class A common stock cash dividend of $0.2832 per share is comprised of the regular quarterly cash dividend of $0.08 per share, a one-time cash dividend of $0.13 per share, both funded by the $0.21 per common unit cash distribution by CWGS Enterprises LLC to all holders of its common units, including CWH, and a $0.0732 per share special cash dividend representing a portion of the tax distribution from CWGS Enterprises LLC that is in excess of the corporate income taxes payable by CWH.

Future declarations of quarterly dividends are subject to the determination and discretion of Camping World's board of directors based on its consideration of various factors, including the Company's results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, its business prospects and other factors that Camping World's board of directors may deem relevant. In addition to the regular quarterly dividend, Camping World intends to continue to pay a special cash dividend of all or a portion of excess tax distributions to holders of Camping World class A common stock.

Camping World, headquartered in Lincolnshire, is an outdoor and camping retailer, offering an extensive assortment of recreational vehicles for sale, RV and camping gear, RV maintenance and repair and the industry's broadest and deepest range of services, protection plans, products and resources. Since the Company's founding in 1966, Camping World has grown to become one of the most well-known destinations for everything RV, with 138 retail locations in 36 states and a comprehensive e-commerce platform.