Advanced Drainage Systems Announces Special Cash Dividend of $1.00 Per Share and Quarterly Cash Dividend Increase
Scott Barbour, President and Chief Executive Officer, commented, Todays special dividend declaration is the latest step in our commitment to return capital to shareholders.
- Scott Barbour, President and Chief Executive Officer, commented, Todays special dividend declaration is the latest step in our commitment to return capital to shareholders.
- The special dividend of $1.00 per share will be paid on June 14, 2019 to shareholders of record at the close of business on June 3, 2019.
- The aggregate payment will be approximately $75 million, funded through existing cash and additional borrowings.
- The increased quarterly cash dividend of $0.09 per share will also be paid on June 14, 2019 to shareholders of record at the close of business on June 3, 2019.