Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common stock is traded on the Nasdaq Global Select Market under the trading symbol “POOL.” On February 17, 2023, there were approximately 740 holders of record of our common stock.
+Added: Our common stock is traded on the Nasdaq Global Select Market under the trading symbol “POOL.” On February 20, 2024, there were approximately 782 holders of record of our common stock and a significantly larger number of beneficial holders of our common stock.
+Added: Common Stock Dividends
We initiated quarterly dividend payments to our shareholders in the second quarter of 2004 and we have continued payments in each subsequent quarter.
−Removed: Our Board has increased the dividend amount seventeen times, including in the fourth quarter of 2004, annually in the second quarters of 2005 through 2008 and in the second quarters of 2011 through 2022.
+Added: Our Board has increased the dividend amount eighteen times, including in the fourth quarter of 2004, annually in the second quarters of 2005 through 2008 and in the second quarters of 2011 through 2023.
Our Board may declare future dividends at its discretion, after considering various factors, including our earnings, capital requirements, financial position, contractual restrictions and other relevant business considerations.
For a description of restrictions on dividends in our Credit Facility, Term Facility and Receivables Facility, see Note 5 of “Notes to Consolidated Financial Statements,” included in Item 8 of this Form 10-K.
−Removed: We cannot assure shareholders or potential investors that dividends will be declared or paid any time in the future if our Board determines that there is a better use of our funds.
+Added: We cannot assure shareholders or potential investors that dividends will be declared or paid any time in the future.
Stock Performance Graph
8 unchanged sentences
Nasdaq Index 100.00 136.69 198.10 242.03 163.28 236.17
−Removed: Purchases of Equity Securities
+Added: Issuer Purchases of Equity Securities
The table below summarizes the repurchases of our common stock in the fourth quarter of 2023:
15 unchanged sentences
There were 129 shares surrendered for this purpose in the fourth quarter of 2023.
−Removed: (2) In May 2022, our Board authorized an additional $196.2 million under our share repurchase program for the repurchase of shares of our common stock in the open market at prevailing market prices.
−Removed: (3) As of February 17, 2023, our total authorization remaining was $230.2 million.
+Added: (2) In May 2023, our Board authorized an additional $413.6 million under our share repurchase program for the repurchase of shares of our common stock in the open market at prevailing market prices bringing the total authorization available under the program to $600.0 million.
+Added: As of February 20, 2024, $344.1 million of the authorized amount remained available for use under our current share repurchase program.
+Added: Unregistered Sales of Equity Securities
+Added: There were no unregistered sales of equity securities during the three months ended December 31, 2023.
Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.