ABM announced that its Board of Directors has approved a quarterly cash dividend of 22c per common share, which is a 12.8% increase from the prior quarterly cash dividend of 19.5c per common share, payable on February 6, 2023, to shareholders of record on January 5, 2023. This will be the Company’s 227th consecutive quarterly cash dividend. "I am pleased the Board of Directors has approved our dividend increase," said Scott Salmirs, ABM‘s President & Chief Executive Officer. "The dividend is an important component of our balanced approach to capital allocation, along with strategic M&A activity and share repurchases, to drive total shareholder return. Our strong cash flows provide the fuel and flexibility to fund all three, while still continuously investing in organic growth."
Published first on TheFly
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