Pool announced hat its Board of Directors has authorized an increase in the company’s share repurchase program to $600M . As of May 1 this adds $316.2M to the $283.8M 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 $1.20 per share, a 9% increase over the previous quarterly dividend amount of $1.10 per share. The dividend is payable on May 30, to stockholders of record on May 16… As of April 30, there were 38,329,420 shares of common stock outstanding.
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