Advanced Drainage Systems Increases Quarterly Cash Dividend By 14% to $0.16
Portfolio Pulse from Benzinga Newsdesk
Advanced Drainage Systems (WMS) has announced a 14% increase in its quarterly cash dividend to $0.16 per share. The dividend will be paid on June 14, 2024, to shareholders of record as of May 31, 2024.
May 16, 2024 | 10:44 am
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Advanced Drainage Systems has increased its quarterly cash dividend by 14% to $0.16 per share, payable on June 14, 2024, to shareholders of record on May 31, 2024.
The increase in the dividend is a positive signal to investors, indicating the company's confidence in its financial stability and future earnings. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100