Covanta Holding (CVA) Declares $0.18 Quarterly Dividend; 3.8% Yield

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Go back to Covanta Holding (CVA) Declares $0.18 Quarterly Dividend; 3.8% Yield

Covanta Holding (CVA) Announces Staff Reductions; Plans Dividend Hike

June 9, 2014 4:10 PM EDT

Covanta Holding (NYSE: CVA) announced that it is implementing several initiatives to improve process efficiency and reduce ongoing expenses across its business. The Company also announced its intention to increase the quarterly cash dividend to $0.25 per share, starting with the dividend that is expected to be declared in the third quarter of 2014. The Company will host a conference call at 8:30 AM (Eastern) on Tuesday, June 10, 2014 to discuss these announcements.

Cost Saving Initiatives

The Company is targeting cost savings that would benefit Adjusted EBITDA by approximately $30 million in 2015. It is not expected that the... More