{"id":760201,"date":"2023-05-24T07:39:46","date_gmt":"2023-05-24T11:39:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/"},"modified":"2023-05-24T07:39:46","modified_gmt":"2023-05-24T11:39:46","slug":"camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/","title":{"rendered":"Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Camping World Declares Second Quarter Dividend, <\/b><b>Initiating Review of Capital Allocation Strategy<\/b><\/p>\n<p>LINCOLNSHIRE, Ill.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCamping World Holdings, Inc. (NYSE: CWH) the \u201cCompany,\u201d \u201cCamping World,\u201d \u201cwe,\u201d \u201cus\u201d or \u201cour\u201d), announced today that its Board of Directors declared a regular cash dividend of $0.625 per share on the Company\u2019s Class A Common Stock. Payment is expected to be made on June 29, 2023, to stockholders of record at the close of business on June 14, 2023.<\/p>\n<p>\nMarcus Lemonis, Chairman and Chief Executive Officer stated, \u201cThe management team and the Board remain committed to driving long-term growth and maintaining a competitive dividend. As part of that, we are undergoing a deep dive of the Company&#8217;s capital allocation strategy to determine what we believe would be the most prudent allocation of our shareholders\u2019 capital. The dealership acquisition landscape remains more robust than I have ever seen, and we believe we can materially grow our business over the next five years, targeting a 50% increase in our store count.\u201d<\/p>\n<p>\nFuture declarations of quarterly dividends are subject to the determination and discretion of Camping World\u2019s Board of Directors based on its consideration of various factors, including the Company\u2019s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, receipt of excess or surplus of tax distributions received from CWGS Enterprises, LLC, its business prospects and other factors that Camping World\u2019s Board of Directors may deem relevant.<\/p>\n<p><b><span class=\"bwuline\">About Camping World Holdings, Inc.<br \/>\n<\/span><br \/><\/b>Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is America\u2019s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy. Our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry\u2019s most extensive online presence and a highly trained and knowledgeable team of employees serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enable us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With RV sales and service locations in 42 states, Camping World has grown to become the prime destination for everything RV. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.campingworld.com%2F&amp;esheet=53405835&amp;newsitemid=20230524005193&amp;lan=en-US&amp;anchor=www.CampingWorld.com&amp;index=1&amp;md5=26386015ec3f7ff8d612356a022dd822\">www.CampingWorld.com<\/a>.<\/p>\n<p><b><i>Cautionary Statement Regarding Forward-Looking Statements<br \/>\n<br \/><\/i><\/b>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding the expected pace of growth and timing of acquisitions and new store openings, future store count, future acquisitions, the expected benefits from acquisitions and new stores, anticipated benefits from and changes to the capital allocation strategy, our future results of operations and financial position, and expected dividend payments are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as \u2018\u2018may,\u2019\u2019 \u2018\u2018will,\u2019\u2019 \u2018\u2018should,\u2019\u2019 \u2018\u2018expects,\u2019\u2019 \u2018\u2018plans,\u2019\u2019 \u2018\u2018anticipates,\u2019\u2019 \u2018\u2018could,\u2019\u2019 \u2018\u2018intends,\u2019\u2019 \u2018\u2018targets,\u2019\u2019 \u2018\u2018projects,\u2019\u2019 \u2018\u2018contemplates,\u2019\u2019 \u2018\u2018believes,\u2019\u2019 \u2018\u2018estimates,\u2019\u2019 \u2018\u2018predicts,\u2019\u2019 \u2018\u2018potential\u2019\u2019 or \u2018\u2018continue\u2019\u2019 or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including the important factors discussed under the caption \u201cRisk Factors\u201d in our Annual Report on Form 10-K filed for the year ended December 31, 2022 and our other reports filed with the SEC. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the Securities and Exchange Commission.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230524005193r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230524005193\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230524005193\/en\/<\/a><\/span><\/p>\n<p>\nBrett Andress<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@campingworld.com\">InvestorRelations@campingworld.com<\/a><\/p>\n<p><b>Media Outlets:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:PR-CWGS@CampingWorld.com\">PR-CWGS@CampingWorld.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Illinois<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Retail Automotive Specialty Other Automotive Recreational Vehicles Other Travel Transportation Vacation Retail Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230524005193\/en\/1003742\/3\/CWH_Holdings_BLK.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy LINCOLNSHIRE, Ill.&#8211;(BUSINESS WIRE)&#8211; Camping World Holdings, Inc. (NYSE: CWH) the \u201cCompany,\u201d \u201cCamping World,\u201d \u201cwe,\u201d \u201cus\u201d or \u201cour\u201d), announced today that its Board of Directors declared a regular cash dividend of $0.625 per share on the Company\u2019s Class A Common Stock. Payment is expected to be made on June 29, 2023, to stockholders of record at the close of business on June 14, 2023. Marcus Lemonis, Chairman and Chief Executive Officer stated, \u201cThe management team and the Board remain committed to driving long-term growth and maintaining a competitive dividend. As part of that, we are undergoing a deep dive of the Company&#8217;s capital allocation strategy to determine what we &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-760201","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy LINCOLNSHIRE, Ill.&#8211;(BUSINESS WIRE)&#8211; Camping World Holdings, Inc. (NYSE: CWH) the \u201cCompany,\u201d \u201cCamping World,\u201d \u201cwe,\u201d \u201cus\u201d or \u201cour\u201d), announced today that its Board of Directors declared a regular cash dividend of $0.625 per share on the Company\u2019s Class A Common Stock. Payment is expected to be made on June 29, 2023, to stockholders of record at the close of business on June 14, 2023. Marcus Lemonis, Chairman and Chief Executive Officer stated, \u201cThe management team and the Board remain committed to driving long-term growth and maintaining a competitive dividend. 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(NYSE: CWH) the \u201cCompany,\u201d \u201cCamping World,\u201d \u201cwe,\u201d \u201cus\u201d or \u201cour\u201d), announced today that its Board of Directors declared a regular cash dividend of $0.625 per share on the Company\u2019s Class A Common Stock. Payment is expected to be made on June 29, 2023, to stockholders of record at the close of business on June 14, 2023. Marcus Lemonis, Chairman and Chief Executive Officer stated, \u201cThe management team and the Board remain committed to driving long-term growth and maintaining a competitive dividend. As part of that, we are undergoing a deep dive of the Company&#8217;s capital allocation strategy to determine what we &hellip; Continue reading \"Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-24T11:39:46+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230524005193r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy","datePublished":"2023-05-24T11:39:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/"},"wordCount":817,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230524005193r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/camping-world-declares-second-quarter-dividend-initiating-review-of-capital-allocation-strategy\/","name":"Camping World Declares Second Quarter Dividend, Initiating Review of Capital Allocation Strategy - 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