Camping World Holdings Inc. (CWH) will start paying a quarterly dividend of $0.08 per share.

The first dividend payment will be made on December 20, 2016, to stockholders of record at the close of business on December 7, 2016.

Camping World intends to pay a regular quarterly cash dividend to the holders of its Class A common stock, funded by a regular quarterly cash distribution by CWGS Enterprises, LLC to all common unit holders. The dividend initiation is occurring three months earlier and at a higher level than anticipated in the prospectus (the “Prospectus”), dated October 6, 2016, filed with the Securities and Exchange Commission in accordance with Rule 424(b) of the Securities Act of 1933, as amended, on October 11, 2016 in connection with Camping World’s initial public offering (the “IPO”).

“We are pleased to initiate our quarterly dividend program, which not only follows through on what we told investors during our IPO, but is also sooner and higher than initially expected. We believe this demonstrates our confidence in our growth prospects, free cash flow generation and long-term financial outlook” said Marcus Lemonis, Chairman and Chief Executive Officer. “This dividend program reinforces our commitment to delivering value to our shareholders, while continuing to invest in our business and maintaining our strong balance sheet.”

Thomas Wolfe, Chief Financial Officer added, “We intend to initiate the regular quarterly cash dividend at $0.08 per share, as compared to $0.0605 per share disclosed in our Prospectus. Going forward, we will evaluate our dividend level based on our net income and free cash flow.”

Today’s dividend announcement by Camping World indicates an annualized rate of $0.32 per common share and a yield of approximately 1.3% based on the $23.98 closing price on November 18, 2016.

Camping World Holdings, Inc. is a  provider of services, protection plans, products and resources for recreational vehicles. Through its two brands, Camping World and Good Sam, the company offers new and used RVs for sale, vehicle service and maintenance along with more than 10,000 products and services through its retail locations and membership clubs.