Tempur Sealy will start paying quarterly dividends from 2021, to which about 15% of net profit will be distributed annually. The scope of the share buyback program has also been increased from $170 million to $300 million. The company expects to buy back at least 3% of its shares annually. In addition, Tempur will stock split of four-for-one by paying dividends in the form of 3 shares per each of the company's securities. The closing date of the register is November 10, 2020. The papers will be distributed after the close of trading on November 23, 2020.