Armstrong World Industries Announces Increase in Quarterly Dividend
18 Octubre 2023 - 3:30PM
Business Wire
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the
design, innovation and manufacture of ceiling and wall solutions,
announced today that its Board of Directors has approved a 10%
increase in the company’s quarterly cash dividend to $0.28 per
share of common stock. The dividend will be paid on Nov. 16, 2023,
to stockholders of record as of the close of business on Nov. 2,
2023.
“Today’s announcement marks our fifth consecutive, annual
dividend increase since the inception of our dividend program in
2018 and demonstrates the Board of Directors’ continued confidence
in our growth strategy and cash flow generation,” said AWI CFO and
Senior Vice President Chris Calzaretta. “Our healthy balance sheet
coupled with our proven ability to consistently grow adjusted free
cash flow supports returning cash to shareholders as a component of
our balanced approach to capital allocation.”
The declaration and payment of future dividends and capital
allocations will be at the discretion of the Board of Directors and
will be dependent upon, among other things, the company's financial
position, results of operations and cash flow.
About Armstrong World Industries Armstrong World
Industries, Inc. (AWI) is a leader in the design and manufacture of
innovative ceiling and wall system solutions in the Americas. With
$1.2 billion in revenue in 2022, AWI has approximately 3,000
employees and a manufacturing network of 16 facilities, plus seven
facilities dedicated to its WAVE joint venture.
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version on businesswire.com: https://www.businesswire.com/news/home/20231018140970/en/
Theresa Womble, tlwomble@armstrongceilings.com or (717)
396-6354
Armstrong World Industries (NYSE:AWI)
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