Pool Corporation Boosts Share Buyback by $329M to $600M, Raises Dividend 4%
Pool Corporation’s Board increased the share repurchase authorization by $329 million to a total of $600 million, expanding the existing $271 million balance. The board also raised the quarterly cash dividend by 4% to $1.30 per share, payable May 28 to holders of record May 14 with 36.44 million shares outstanding.
1. Share Repurchase Program Increase
Pool Corporation’s Board approved an additional $329 million for its share repurchase program, bringing the total authorization to $600 million. The company retains full discretion over timing and volume of repurchases and may modify or terminate the program at any time.
2. Quarterly Dividend Hike
The Board declared a quarterly cash dividend of $1.30 per share, marking a 4% increase from the prior $1.25 level. The dividend will be paid on May 28, 2026, to shareholders of record as of May 14, 2026, based on 36,443,003 shares outstanding.
3. Annual Meeting Outcomes
At the April 29, 2026 Annual Meeting, shareholders elected nine directors for the upcoming year, ratified Ernst & Young LLP as independent auditors for fiscal 2026, and approved the compensation package for named executive officers.