ABM Industries (ABM) Raises Quarterly Dividend 2.8% to $0.185; Approves $150M Buyback Plan

ABM Industries (NYSE: ABM) declared a quarterly dividend of $0.185 per share, or $0.74 annualized. This is a 2.8% increase from the prior dividend of $0.18.

The dividend will be payable on February 3, 2020, to stockholders of record on January 2, 2020, with an ex-dividend date of December 31, 2019.

The annual yield on the dividend is 2 percent.

In addition, the Company's Board of Directors authorized a $150 million share repurchase program replacing the Company's existing share repurchase program, which was authorized in 2015. The Company intends to repurchase its common shares from time to time in open market purchases or privately negotiated transactions and may make all or part of the repurchases pursuant to Rule 10b5-1 plans. The timing of repurchases will depend upon several factors, including market and business conditions, share price and availability and other factors at the Company's discretion, and the share repurchase program may be suspended or discontinued at any time without prior notice.

For a dividend history and other dividend-related data on ABM Industries (ABM) click here.

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