Advanced Drainage Systems (WMS) Declares $0.16 Quarterly Dividend; 0.4% Yield

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Go back to Advanced Drainage Systems (WMS) Declares $0.16 Quarterly Dividend; 0.4% Yield

Advanced Drainage Systems Announces Increase in Quarterly Cash Dividend

May 16, 2024 6:42 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 onsite septic wastewater industries, today announced that its Board of Directors (the Board) has approved a total annual cash dividend to its shareholders in the amount of $0.64 per share, a 14% increase over the prior year dividend amount.

Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, "The 14% increase in the cash dividend is predicated on the strength of our balance sheet, formidable cash generation, and ongoing... More