Weber initiates dividend

Weber Inc. (WEBR) will start paying a quarterly dividend of 4 cents per share in 2022. The global leader in outdoor cooking innovation, technology, and products, announced today the Weber Board of Directors declared a cash dividend of $0.04 per share, payable in cash, on December 17, 2021, to holders of its Class A Common Stock as of the close of business on December 7, 2021.

“The initiation of a common stock dividend reflects our commitment to delivering value to our shareholders and the confidence we have in the performance and prospects of our global business,” said Chris Scherzinger, Chief Executive Officer of Weber. 

“Our ability to generate strong free cash flow allows us to return capital to shareholders while continuing to invest in the business to drive long-term growth,” said Bill Horton, Chief Financial Officer of Weber. “We are focused on maintaining our solid financial track record, while driving forward our strategic value-creation initiatives.”

Weber Inc., headquartered in Palatine, Ill., is the world’s leading barbecue brand. The company’s founder George Stephen, Sr., established the outdoor cooking category when he invented the original charcoal grill nearly 70 years ago. Weber offers a product portfolio including charcoal, gas, pellet and electric grills, smokers, and accessories. Weber became a public company in August 2021 and started its first dividend payment later that year.