Harsco Corporation (HSC) Declares $0.205 Quarterly Dividend; 6% Yield

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Harsco Corporation Declares Regular Quarterly Cash Dividend

July 30, 2015 10:01 AM EDT

CAMP HILL, Pa., July 30, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of Harsco Corporation (NYSE: HSC) has declared a regular quarterly cash dividend of $0.205 per share, or $0.82 per share on an annualized basis, payable November 16, 2015 to shareholders of record as of the close of business on... More

Harsco Corporation Declares Regular Quarterly Cash Dividend

July 30, 2015 10:01 AM EDT

CAMP HILL, Pa., July 30, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of Harsco Corporation (NYSE: HSC) has declared a regular quarterly cash dividend of $0.205 per share, or $0.82 per share on an annualized basis, payable November 16, 2015 to shareholders of record as of the close of business on... More

Fitch Downgrades Harsco's IDR to 'BB+'; Outlook Stable

July 29, 2015 5:42 PM EDT

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has downgraded the ratings, including the long-term Issuer Default Rating (IDR), for Harsco Corporation (Harsco) (NYSE: HSC) to 'BB+' from 'BBB-'. The Rating Outlook is Stable. Fitch's actions affect $1.3 billion of total debt, including the revolving credit facility (RCF).

The ratings and outlook reflect Fitch's expectations for sustained negative annual free cash flow (FCF) higher total leverage (total debt to operating EBITDA) through the intermediate-term as Harsco continues its turnaround.

Fitch expects weaker than previously forecasted revenue growth and profitability resulting in negative FCF in 2015 and... More