Revealed: Mar. 3, 2022 at 4:45 PM EST
KATY, Texas, March 3, 2022 /PRNewswire/ — Academy Sports activities and Outdoor, Inc. (the “Firm” or “Academy”) (Nasdaq: ASO) introduced immediately that its Board of Administrators (the “Board”) authorized the initiation of a quarterly money dividend. The Board declared an inaugural quarterly money dividend with respect to the quarter ended January 29, 2022, of $0.075 per share of frequent inventory. The dividend is payable on April 14, 2022, to stockholders of file as of the shut of enterprise on March 17, 2022.
“At this time’s announcement of a quarterly money dividend marks a milestone for Academy ensuing from our efforts to strengthen the steadiness sheet and the Firm’s capability to generate sustainable money move. This dividend and our current inventory repurchase program show the arrogance that our Board and administration workforce have in our development initiatives and the long run efficiency of our enterprise, in addition to our dedication to growing whole shareholder worth,” mentioned Ken Hicks, Chairman, President and Chief Government Officer.
The Firm intends to announce quarterly money dividends, the declaration, timing, quantity, and cost of which might be topic to the discretion and approval of the Board, making an allowance for such concerns because the Board could deem related on the time, together with, amongst others, the Firm’s outcomes, monetary situation and capital allocation plans.
About Academy Sports activities + Outdoor
Academy is a number one full-line sporting items and outside recreation retailer in the USA. Initially based in 1938 as a household enterprise in Texas, Academy has grown to 259 shops throughout 16 contiguous states. Academy’s mission is to offer “Enjoyable for All”, and Academy fulfills this mission with a localized merchandising technique and worth proposition that strongly connects with a broad vary of shoppers. Academy’s product assortment focuses on key classes of outside, attire, footwear and sports activities & recreation via each main nationwide manufacturers and a portfolio of 20 non-public label manufacturers, which go effectively past conventional sporting items and attire choices. For extra data, go to academy.com.
This press launch comprises forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements are primarily based on Academy’s present expectations and will not be ensures of future efficiency. You possibly can determine these forward-looking statements by way of phrases comparable to “outlook,” “steering,” “believes,” “expects,” “potential,” “continues,” “could,” “will,” “ought to,” “might,” “seeks,” “initiatives,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the adverse model of those phrases or different comparable phrases. The forward-looking statements embody, amongst different issues, statements concerning the cost of the dividend and declaration of future dividends, together with the timing and quantity thereof, the Firm’s expectations concerning its future efficiency, and the Firm’s future monetary situation to help future dividend development and are topic to varied dangers, uncertainties, assumptions or adjustments in circumstances which are tough to foretell or quantify. Precise outcomes could differ materially from these expectations resulting from adjustments in world, regional or native financial, enterprise, aggressive, market, regulatory and different components, lots of that are past Academy’s management. Essential components that might trigger precise outcomes to vary materially from these within the forward-looking statements are set forth in Academy’s filings with the U.S. Securities and Trade Fee (the “SEC”), together with the Firm’s Annual Report on Type 10-Ok, beneath the caption “Threat Elements,” as could also be up to date once in a while in our periodic filings with the SEC. Any forward-looking assertion on this press launch speaks solely as of the date of this launch. Academy undertakes no obligation to publicly replace or overview any forward-looking assertion, whether or not because of new data, future developments or in any other case, besides as could also be required by any relevant securities legal guidelines.
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