Advanced Drainage Systems, Inc. (NYSE:WMS) Announces $0.20 Quarterly Dividend

Key Points

• Advanced Drainage Systems declared a quarterly dividend of $0.20 per share, payable September 15 to shareholders of record on September 1. The dividend implies an annualized payout of $0.80 and a 0.5% yield.
• The dividend appears well covered, with a current payout ratio of 12.7%; analysts expect next year’s earnings to support an estimated payout ratio of 10.6%.
• The company reported quarterly earnings of $2.49 per share, beating estimates of $2.10, while revenue reached approximately $1 billion, up 20.6% year over year.

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) announced a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.20 per share by the construction company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, September 1st.

Advanced Drainage Systems has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Advanced Drainage Systems has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $7.56 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.6%.

Advanced Drainage Systems Stock Performance

Shares of WMS traded down $0.92 during mid-day trading on Thursday, reaching $148.67. 1,240,161 shares of the company's stock were exchanged, compared to its average volume of 854,823. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35. The stock has a market capitalization of $11.39 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. Advanced Drainage Systems has a 52-week low of $125.10 and a 52-week high of $179.32. The business's fifty day simple moving average is $143.58 and its 200-day simple moving average is $148.06.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.39. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The business's quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 earnings per share. On average, equities research analysts expect that Advanced Drainage Systems will post 6.55 earnings per share for the current year.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc NYSE: WMS is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company's product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.

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