Advanced Drainage Systems (WMS) Raises Quarterly Dividend 9.1% to $0.12; 0.5% Yield

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Go back to Advanced Drainage Systems (WMS) Raises Quarterly Dividend 9.1% to $0.12; 0.5% Yield

Advanced Drainage Systems Announces Increase in Quarterly Cash Dividend

May 19, 2022 6:49 AM EDT

HILLIARD, 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 $0.12 per share, a 9% increase over the prior year dividend amount.

Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, The 9% increase in our annual cash dividend is predicated on the strength of our balance sheet, formidable cash generation, and... More