Armstrong World (AWI) Initiates $0.175 Quarterly Dividend; 1% Yield

Armstrong World (NYSE: AWI) initiates a quarterly dividend of $0.175 per share, or $0.7 annualized.

The dividend will be payable on December 14, 2018, to stockholders of record on December 4, 2018, with an ex-dividend date of December 3, 2018.

The annual yield on the dividend is 1 percent.

"The decision by the Board to initiate a dividend represents a meaningful milestone in our evolution and again demonstrates confidence in our strong operating performance, industry leading free cash flow generation and positive long-term financial outlook," said Vic Grizzle, President and CEO of Armstrong. "The addition of quarterly dividends to our ongoing share repurchase program underscores our commitment to bring value to our shareholders. Given our strong and predictable free cash flow we are confident that we have sufficient liquidity to invest for growth and return cash to shareholders."

For a dividend history and other dividend-related data on Armstrong World (AWI) click here.

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