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