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Somnigroup declares $0.15 per share third quarter dividend

Published 07/08/2025, 11:46
Somnigroup declares $0.15 per share third quarter dividend
SGI
0.83%

NEW YORK - Somnigroup International Inc. (NYSE:SGI) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.15 per share for the third quarter of 2025.

The dividend will be paid on September 5, 2025, to shareholders of record as of August 21, 2025, according to a press release issued by the company.

Somnigroup, which operates in the bedding industry with brands including Tempur-Pedic, Sealy, Stearns & Foster, and Sleepy’s, maintains business operations across more than 100 countries worldwide.

The company’s portfolio includes fully-owned businesses such as Tempur Sealy, Mattress Firm, and Dreams, through which it manufactures and distributes sleep products.

The dividend announcement represents part of the company’s ongoing capital allocation strategy, as outlined in the company statement.

In other recent news, Somnigroup International Inc. reported its first-quarter 2025 earnings, with an adjusted earnings per share (EPS) of $0.49, slightly exceeding the forecast of $0.48. However, the company’s revenue of $1.6 billion fell short of the anticipated $1.63 billion. KeyBanc has raised its price target for Somnigroup to $90 from $74, maintaining an Overweight rating, citing the acquisition of Mattress Firm as a strategic advantage. The company has extended CEO Scott Thompson’s contract through 2029, ensuring continued leadership. Somnigroup also repriced its $1.6 billion Term Loan B, reducing the margin and planning to prepay $100 million of the principal balance. Additionally, the company launched a secondary stock offering of over 15 million shares, managed by Goldman Sachs & Co. LLC. The shares are being sold by the former majority shareholder of Mattress Firm Group Inc., with no proceeds going to Somnigroup. These developments reflect Somnigroup’s strategic maneuvers to strengthen its financial and competitive position.

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