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Academy Sports and Outdoors declares $0.075 dividend

Mar. 03, 2022 4:51 PM ETAcademy Sports and Outdoors, Inc. (ASO)By: Urvi Shah, SA News Editor19 Comments

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Comments (19)

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HardytheTrader profile picture
I'm glad to be part of the first $ASO dividend. I don't mind the low payout. The company might want to set up a long dividend growth streak. Plus the stock is undervalued so buybacks should be top priority

Long ASO
@HardytheTrader I cannot agree with you more! I would not want them to come out with a 3% dividend. I think 1% is the perfect place to start and I'm willing to ride along with them as they raise it from year to year. I know they say that stocks are cheap for a reason, but I'm really hoping that people just haven't figured out the story yet. This is a growth at a reasonable price story for me. I have a long-term time horizon.
AAPL JUICE profile picture
@chipb they haven't. Not many people up north know what it is. This is still a small company. 259 stores in 16 states. This baby still has a looong way to go. Sell when they're in 48 states.
@AAPL JUICE I'm in the Mid-Atlantic and never heard of them until I ran a screen, but it sounds like they have really shored up the balance sheet and are progressing nicely. I have a 2% position, but I am tempted to take it to 2.5 or 3 if it keeps dipping under $30.

For 4 months the stock has been making lower highs and lower lows to the tune of a 40% pullback. I've been DCA'ing for almost a month and would love to make one last buy around $28 before my hope for a turnaround. I could also see them being taken over by a larger retailer.
For a supposed growth sporting goods retailer who is going to embark on a store opening binge, a less than 1% dividend is akin to a swing & a miss. Major yawn.
@mayderated imo it’s a signal more than anything. They are signaling that they are shareholder friendly. I’m not too interesting in the dividend; which as you said is small. It’s going to be a useful barometer for the company’s growth
@mayderated they are also buying back shares as well. Ontop of growing their store count which will grow revenues and profits. They should always be prioritizing the growth over capital returns but the fact that we are getting both is impressive. How this company is sub $3B Market cap with eps north of $7/share and sales of $6.7B is beyond me.
@Kwc0055 Customer service in ASO is extremely poor as when compared to primary competitor DKS. The dividend payout is comparable to the investment in 3 full time employees per store. Investment in human capital to make the shopping experience as good as possible potentially reaps much greater share of market and top/bottom line growth and shareholder return than a less than 1% dividend.
Don’t mind if I do!
georgefelix75 profile picture
I hope this is a sign of more to come.
Love the smell of freshly baked dividends!
ls1gto profile picture
"in line with previous"?

This is their first, inaugural, dividend since going public that I'm aware of.
@ls1gto I was confused by that too lol
@ls1gto yeah. I caught that too. Odd.

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