Pool Corp. increases share repurchase program, quarterly dividend

Pool Corp, announced that its board of directors has authorized an increase in the company’s share repurchase program to $600M. As of April 29, this adds $309.2M to the $290.8M remaining under its existing share repurchase program for the purchase of the company’s common stock in the open market at prevailing market prices. The share repurchase program will continue until otherwise modified or terminated by the board at any time in its sole discretion. The company also announced that the board has declared a quarterly cash dividend of $1.25 per share, a 4% increase over the previous quarterly dividend of $1.20 per share. The dividend is payable on May 29 to stockholders of record on May 15. As of April 29, there were 37,595,213 shares of common stock outstanding.