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

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

Advanced Drainage Systems has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Advanced Drainage Systems has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. 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 traded hands, compared to its average volume of 854,823. Advanced Drainage Systems has a 12 month low of $125.10 and a 12 month high of $179.32. The stock has a market capitalization of $11.39 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The business’s 50-day moving average price is $143.58 and its 200-day moving average price is $148.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.39. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. Equities analysts predict 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.