Pool Corporation (POOL) will raise its quarterly dividend by 5.0 percent to $0.58 per share in 2020. This follows a 10 cent per share dividend increase from 45 cents to 55 cents quarterly by the swimming pool specialist last year. POOL has now raised its dividend for 9 consecutive years.

The next dividend will be payable on May 29, 2020, to holders of record on May 15, 2020. A new annualized rate of $2.32 per share yields 1.1% at a stock price of $204.

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company's customers include swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors, and golf courses and other commercial customers. The company has been paying a dividend to shareholders every year since 2004.