Exhibit 99.1

FOR IMMEDIATE RELEASE

POOL CORPORATION INCREASES QUARTERLY DIVIDEND,

HOLDS 2008 ANNUAL MEETING OF SHAREHOLDERS

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COVINGTON, LA. (May 7, 2008) – Pool Corporation (the “Company” or “POOL”) (NASDAQ/GSM:POOL) announced that its Board of Directors increased its regular quarterly cash dividend to $0.13 per share, an 8% increase over the most recent quarterly cash dividend of $0.12 per share.  The dividend is payable on June 2, 2008 to stockholders of record on May 19, 2008.  On May 2, 2008 there were 47,814,617 shares of common stock outstanding.

Speaking at POOL’s annual meeting of shareholders, Wilson B. (Rusty) Sexton, Chairman of the Board, said that the shareholders elected Andrew W. Code, James J. Gaffney, George T. Haymaker, Manuel J. Perez de la Mesa, Harlan F. Seymour, Robert C. Sledd, John E. Stokely and himself to serve as directors for the ensuing year.  Shareholders also ratified the appointment of Ernst & Young LLP as the Company’s independent auditors for fiscal 2008. Mr. Sexton stated, “In today’s challenging environment, our responsibilities to our shareholders are greater than ever and we appreciate the confidence they have shown in us.  Our Board is truly dedicated to fulfilling these responsibilities and we look forward to the opportunity to serve over the coming year”.

Pool Corporation is the largest wholesale distributor of swimming pool and related backyard products.  Currently, POOL operates over 290 sales centers in North America and Europe, through which it distributes more than 100,000 national brand and private label products to roughly 70,000 wholesale customers.  For more information about POOL, please visit www.poolcorp.com.

This news release includes “forward-looking” statements that involve risk and uncertainties that are generally identifiable through the use of words such as “believe,” “expect,” “intend,” “plan,” “estimate,” “project” and similar expressions and include projections of earnings.  The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements speak only as of the date of this release, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.  Actual results may differ materially due to a variety of factors, including the sensitivity of our business to weather conditions, our ability to maintain favorable relationships with suppliers and manufacturers, competition from other leisure product alternatives and mass merchants, changes in the economy and the housing market and other risks detailed in POOL’s 2007 Form 10-K and Form 10-Q for the quarter ended March 31, 2008 filed with the Securities and Exchange Commission.

CONTACT:

Craig K. Hubbard

985.801.5117

craig.hubbard@poolcorp.com