Advanced Drainage Systems (WMS) Raises Quarterly Dividend 20% to $0.06; 1% Yield
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Advanced Drainage Systems Announces an Increase in Quarterly Cash Dividend
June 7, 2016 6:35 AM EDTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, announced on June 7, 2016 that its Board of Directors has approved a 20% increase in the quarterly cash dividend to its shareholders to $0.06 per share, up from $0.05 per share.
Joe Chlapaty, Chairman and Chief Executive Officer of ADS commented, We are pleased to announce that the Board of Directors has approved an increase in our quarterly cash dividend. This decision underscores our confidence in the... More
Advanced Drainage Systems Announces an Increase in Quarterly Cash Dividend
June 7, 2016 6:35 AM EDTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, announced on June 7, 2016 that its Board of Directors has approved a 20% increase in the quarterly cash dividend to its shareholders to $0.06 per share, up from $0.05 per share.
Joe Chlapaty, Chairman and Chief Executive Officer of ADS commented, We are pleased to announce that the Board of Directors has approved an increase in our quarterly cash dividend. This decision underscores our confidence in the... More
Advanced Drainage Systems Announces Fiscal Year 2016 Unaudited Results
June 7, 2016 6:30 AM EDTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced financial results on an unaudited basis for the fiscal year ended March 31, 2016.
Fiscal Year Ended March 31, 2016 Highlights
Net sales increased 9.3% to $1.289 billion Net income of $26.1 million compared to $12.8 million in fiscal year 2015 Adjusted EBITDA (Non-GAAP) of $185.9 million compared to $143.8 million in fiscal year 2015... More