Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems, EZflow synthetic aggregate bundles, mechanical aeration wastewater solutions, septic tanks and accessories, and combined treatment and dispersal systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of approximately 38 distribution centers. The company was incorporated in 1966 and is headquartered in Hilliard, Ohio.
Advanced Drainage Systems Dividend Announcement
• Advanced Drainage Systems announced a quarterly dividend of $0.16 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-30
• Advanced Drainage Systems annual dividend for 2024 was $0.46
• Advanced Drainage Systems annual dividend for 2023 was $0.54
• Advanced Drainage Systems's trailing twelve-month (TTM) dividend yield is 0.39%
• Advanced Drainage Systems's payout ratio for the trailing twelve months (TTM) is 9.11%
• Advanced Drainage Systems's dividend growth over the last five years (2018-2023) was 11.74% year
Advanced Drainage Systems Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | $0.16 | quarterly | 2024-09-13 |
2024-05-31 | $0.16 | quarterly | 2024-06-14 |
2024-02-29 | $0.14 | quarterly | 2024-03-15 |
2023-11-30 | $0.14 | quarterly | 2023-12-15 |
2023-08-31 | $0.14 | quarterly | 2023-09-15 |
2023-05-31 | $0.14 | quarterly | 2023-06-15 |
2023-02-28 | $0.12 | quarterly | 2023-03-15 |
2022-11-30 | $0.12 | quarterly | 2022-12-15 |
2022-08-31 | $0.12 | quarterly | 2022-09-15 |
2022-05-31 | $0.12 | quarterly | 2022-06-15 |
2022-02-28 | $0.11 | quarterly | 2022-03-15 |
2021-11-30 | $0.11 | quarterly | 2021-12-15 |
2021-08-31 | $0.11 | quarterly | 2021-09-15 |
2021-05-28 | $0.11 | quarterly | 2021-06-15 |
2021-02-26 | $0.09 | quarterly | 2021-03-15 |
2020-11-30 | $0.09 | quarterly | 2020-12-15 |
2020-08-31 | $0.09 | quarterly | 2020-09-15 |
2020-05-29 | $0.09 | quarterly | 2020-06-15 |
2020-02-28 | $0.09 | quarterly | 2020-03-16 |
2019-11-27 | $0.09 | quarterly | 2019-12-13 |
2019-08-29 | $0.09 | quarterly | 2019-09-13 |
2019-05-31 | $1.09 | quarterly | 2019-06-14 |
2019-02-28 | $0.08 | quarterly | 2019-03-15 |
2018-11-29 | $0.08 | quarterly | 2018-12-14 |
2018-08-30 | $0.08 | quarterly | 2018-09-14 |
2018-06-04 | $0.08 | quarterly | 2018-06-15 |
2018-02-28 | $0.07 | quarterly | 2018-03-15 |
2017-11-30 | $0.07 | quarterly | 2017-12-15 |
2017-08-30 | $0.07 | quarterly | 2017-09-15 |
2017-06-01 | $0.07 | quarterly | 2017-06-15 |
2017-02-27 | $0.06 | quarterly | 2017-03-15 |
2016-11-29 | $0.06 | quarterly | 2016-12-15 |
2016-08-30 | $0.06 | quarterly | 2016-09-15 |
2016-06-14 | $0.06 | quarterly | 2016-06-30 |
2016-02-26 | $0.05 | quarterly | 2016-03-15 |
2015-11-27 | $0.05 | quarterly | 2015-12-15 |
2015-08-28 | $0.05 | quarterly | 2015-09-15 |
2015-05-28 | $0.05 | quarterly | 2015-06-15 |
2015-02-26 | $0.04 | quarterly | 2015-03-16 |
2014-11-26 | $0.04 | quarterly | 2014-12-10 |
Advanced Drainage Systems Dividend per year
Advanced Drainage Systems Dividend growth
Advanced Drainage Systems Dividend Yield
Advanced Drainage Systems current trailing twelve-month (TTM) dividend yield is 0.39%. Interested in purchasing Advanced Drainage Systems stock? Use our calculator to estimate your expected dividend yield:
Advanced Drainage Systems Financial Ratios
Advanced Drainage Systems Dividend FAQ
Other factors to consider when evaluating Advanced Drainage Systems as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Advanced Drainage Systems's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Advanced Drainage Systems publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Advanced Drainage Systems distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Advanced Drainage Systems are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Advanced Drainage Systems sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Advanced Drainage Systems distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Advanced Drainage Systems declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Advanced Drainage Systems's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Advanced Drainage Systems's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.