Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

ABM Industries Hikes Dividend By 12.8%

ABM Industries Inc (NYSE:ABM) Board of Directors has approved a quarterly cash dividend of $0.22 per common share. The new…
byShivani Kumaresan
December 5, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • ABM Industries Inc (NYSE:ABM) Board of Directors has approved a quarterly cash dividend of $0.22 per common share.
  • The new dividend represents a 12.8% increase from the prior quarterly cash dividend of $0.195 per share.
  • The dividend is payable on February 6, 2023, to shareholders of record on January 5, 2023.
  • This will be the company’s 227th consecutive quarterly cash dividend.  
  • “The increase also represents a jumpstart of ABM’s plan to grow its dividend payout ratio to a range of 30% to 35% of adjusted net income over the long term,” said board chairman Sudhakar Kesavan.
  • The company held $63.9 million in cash and equivalents as of July 31, 2022.
  • Price Action: ABM shares are trading lower by 1.62% at $45.54 on the last check Monday.
  • Photo Via Company
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Markets Tumble, VIX Up 8% On Hot Inflation Data, Dollar, Yields Jump As Traders Unwind Rate Cut Bets: What’s Driving Markets Tuesday?

By Piero Cingari
February 13, 3:13 PM
Wall Street witnessed one of the worst sessions since the beginning of the year, with widespread declines across the board as stocks were hit by the impact of a higher-than-expected inflation report.

ABNB