Advanced Drainage Systems (WMS) Declares $0.11 Quarterly Dividend; Approves $1B Buyback
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Advanced Drainage Systems Announces Quarterly Cash Dividend and $1 Billion Stock Repurchase Program
February 3, 2022 6:45 AM ESTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries, today announced that its Board of Directors (the Board) has approved a quarterly cash dividend to its shareholders in the amount of $0.11 per share, a 22% increase over the prior year quarterly dividend amount. The Company also announced that the Board approved a new $1 billion stock repurchase program.
Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, The share repurchase program and dividend... More
Advanced Drainage Systems Announces Quarterly Cash Dividend and $1 Billion Stock Repurchase Program
February 3, 2022 6:45 AM ESTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries, today announced that its Board of Directors (the Board) has approved a quarterly cash dividend to its shareholders in the amount of $0.11 per share, a 22% increase over the prior year quarterly dividend amount. The Company also announced that the Board approved a new $1 billion stock repurchase program.
Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, The share repurchase program and dividend... More
