Advanced Drainage Systems (WMS) Raises Quarterly Dividend 16.7% to $0.14; 0.4% Yield
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Advanced Drainage Systems Announces Quarterly Cash Dividend
August 3, 2023 6:42 AM EDTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries, today announced that its Board of Directors (the Board) has approved a quarterly cash dividend to its shareholders in the amount of $0.14 per share, a 17% increase over the prior year dividend amount.
Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, Todays dividend announcement is predicated on the strength of our balance sheet, formidable cash generation, and ongoing commitment to returning... More
