Advanced Drainage Systems, Inc. (WMS) To Go Ex-Dividend on June 1st

Advanced Drainage Systems, Inc. (NYSE:WMS) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 1st will be paid a dividend of 0.20 per share by the construction company on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. This is a 11.1% increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18.

Advanced Drainage Systems has increased 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 dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 0.7%

Shares of WMS opened at $139.12 on Friday. Advanced Drainage Systems has a 52 week low of $105.14 and a 52 week high of $179.32. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.54 and a beta of 1.33. The stock’s 50-day moving average price is $142.19 and its 200-day moving average price is $149.97.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The firm had revenue of $676.76 million for the quarter, compared to the consensus estimate of $651.92 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Drainage Systems will post 6.55 EPS 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.