Academy Sports + Outdoors Declares Quarterly Cash Dividend, Reinforcing Shareholder Commitment

PLANO, Texas – Academy Sports + Outdoors (Nasdaq: ASO), a premier full-line sporting goods and outdoor recreation retailer, has announced a key financial decision for its investors. The company's Board of Directors has officially declared a quarterly cash dividend of $0.11 per share of common stock, a move that reinforces its dedication to shareholder returns.

This declaration serves as a testament to Academy's robust financial health and its consistent ability to generate strong cash flows.

For investors, a cash dividend represents a tangible return on their investment, signaling the company's confidence in its operational performance and its strategic vision for sustained profitability.

Shareholders eligible to receive this dividend should note the following critical dates: The dividend is scheduled to be paid out on Monday, July 29, 2024.

To be included in this payment, investors must be recorded as stockholders of record by the close of business on Monday, July 8, 2024. These dates are essential for those managing their investment portfolios.

Academy Sports + Outdoors has firmly established itself as a go-to destination for athletic and outdoor enthusiasts across the Southern, Southeastern, and Midwestern United States.

With a comprehensive selection of sporting goods, outdoor recreation equipment, and apparel available both in-store and online, Academy continues to cater to a broad customer base, offering quality products at competitive prices.

The consistent issuance of quarterly dividends underscores Academy's prudent capital allocation strategy and its unwavering focus on creating long-term value for its shareholders.

Such announcements are typically met with positive sentiment from the investment community, as they reflect a company's financial stability and a mature approach to capital management, promising a steady stream of returns for its investors.