MORRISTOWN, N.J., Dec. 8, 2016 /PRNewswire/ -- Covanta
Holding Corporation (NYSE: CVA) ("Covanta") today announced that
the Board of Directors has declared a quarterly cash dividend of
$0.25 per share. The next
dividend will be payable on January 6,
2017 to stockholders of record as of the close of business
on December 30, 2016.
"The Company is committed to its dividend, and our goal remains
to increase it over the long-term," said Stephen J. Jones, Covanta's President and
CEO. "However, given the very robust level of our payout
today, and in light of our near-term outlook for Free Cash
Flow growth, we believe that maintaining our dividend at its
current level is appropriate."
About Covanta
Covanta is a world leader in providing
sustainable waste and energy solutions. Annually, Covanta's modern
Energy-from-Waste facilities safely convert approximately 20
million tons of waste from municipalities and businesses into
clean, renewable electricity to power one million homes and recycle
approximately 500,000 tons of metal. Through a vast network of
treatment and recycling facilities, Covanta also provides
comprehensive industrial material management services to companies
seeking solutions to some of today's most complex environmental
challenges. For more information, visit covanta.com.
Logo - http://photos.prnewswire.com/prnh/20140423/77839
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/covanta-declares-regular-quarterly-cash-dividend-300375557.html
SOURCE Covanta Holding Corporation