Advanced Drainage Systems: Dividend Insights
Portfolio Pulse from Benzinga Insights
Advanced Drainage Systems (NYSE:WMS) announced a quarterly dividend of 14 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning WMS by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on June 15, 2023.
May 26, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Advanced Drainage Systems (WMS) will pay a 14 cents per share quarterly dividend, with the ex-dividend date on Wednesday. Eligible shareholders will receive the payout on June 15, 2023.
The announcement of a dividend payout is generally a positive signal for shareholders, but it is a regular event for many companies. The stock price may adjust downwards on the ex-dividend date to reflect the payout, but this is a normal market reaction. The overall impact on the stock price in the short term is neutral.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100