LEXINGTON, Ky., Feb. 22, 2022 /PRNewswire/ -- Tempur Sealy
International, Inc. (NYSE: TPX, "Company" or "Tempur
Sealy") today announced that its Board of Directors has
declared a first quarter cash dividend on its common stock of
$0.10 per share. The dividend is
payable on March 22, 2022 to
shareholders of record as of March 8,
2022.
Tempur Sealy Chairman and CEO Scott
Thompson commented, "Our balanced capital allocation
strategy includes investing in our operations, declaring quarterly
dividends, repurchasing shares, and on an opportunistic basis,
acquiring businesses that enhance our global competitiveness. In
the first quarter, our Board of Directors increased our quarterly
dividend to $0.10, reflecting the
Company's continued free cash flow growth and strong competitive
position in the industry."
Forward-Looking Statements
This press release contains statements that may be characterized
as "forward-looking" within the meaning of the federal securities
laws, which includes information concerning one or more of the
Company's plans, objectives, goals, strategies, and other
information that is not historical information. When used in this
release, the words "expects," "will" and variations of such words
or similar expressions are intended to identify such statements.
These forward-looking statements include, without limitation,
statements relating to the Company's expectations regarding
expected share repurchases, investments in operations and other
capital allocation strategies. Any forward-looking statements
contained herein are based upon current expectations and beliefs
and various assumptions. There can be no assurance that the Company
will realize these expectations or that these beliefs will prove
correct.
Numerous factors, many of which are beyond the Company's
control, could cause actual results to differ materially from any
that may be expressed as forward-looking statements. These risk
factors include uncertainties arising from global events; and
general economic, financial and industry conditions, particularly
conditions relating to liquidity, financial performance and related
credit issues present in the retail sector.
Other potential risk factors include the risk factors discussed
under the heading "Risk Factors" in ITEM 1A of Part 1 of the
Company's Annual Report on Form 10-K for the year ended
December 31, 2020. There may be other
factors that may cause actual results to differ materially from the
forward-looking statements contained herein. The Company undertakes
no obligation to update any forward-looking statement contained
herein to reflect events or circumstances after the date on which
such statement is made.
About Tempur Sealy International, Inc.
Tempur Sealy is committed to improving the sleep of more people,
every night, all around the world. As a leading designer,
manufacturer, distributor and retailer of bedding products
worldwide, we know how crucial a good night of sleep is to overall
health and wellness. Utilizing over a century of knowledge and
industry-leading innovation, we deliver award-winning products that
provide breakthrough sleep solutions to consumers in over 100
countries.
Our highly recognized brands include Tempur-Pedic®, Sealy® and
Stearns & Foster® and our popular non-branded offerings consist
of value-focused private label and OEM products. At Tempur Sealy we
understand the importance of meeting our customers wherever and
however they want to shop and have developed a powerful
omni-channel retail strategy. Our products allow for complementary
merchandising strategies and are sold through third-party
retailers, our 650+ Company-owned stores worldwide and our
e-commerce channels. With the range of our offerings and
variety of purchasing options, we are dedicated to continuing to
turn our mission to improve the sleep of more people, every night,
all around the world into a reality.
Importantly, we are committed to carrying out our global
responsibility to protect the environment and the communities in
which we operate. As part of that commitment, we have established
the goal of achieving carbon neutrality for our global wholly owned
operations by 2040.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com
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SOURCE Tempur Sealy International, Inc.