Advanced Drainage Systems, Inc. Announces Quarterly Cash Dividend, Payable on December 15, 2023
November 02, 2023 at 04:12 pm IST
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Advanced Drainage Systems, Inc. announced that its Board of Directors has approved a quarterly cash dividend to its shareholders in the amount of $0.14 per share, a 17% increase over the prior year dividend amount. Dividend paid on December 15, 2023, to shareholders of record at the close of business on December 1, 2023.
Advanced Drainage Systems, Inc. is engaged in manufacturing water management solutions for the stormwater and onsite septic wastewater industries, which provides superior drainage solutions for use in the construction and agriculture marketplaces. The Company's segments include Pipe, International, Infiltrator and Allied Products & Other. Its Pipe segment manufactures and markets performance thermoplastic corrugated pipe throughout the United States. Its Infiltrator is engaged in providing plastic leach field chambers and systems, septic tanks and accessories, primarily for use in residential applications. International segment manufactures and markets products in regions outside of the United States, with owned facilities in Canada and those markets serviced through its joint ventures in Mexico and South America. The Companyâs Allied Products & Other segment offers adjacent technologies to its core Pipe offering, presenting a complete drainage solution for its clients and customers.
ADVANCED DRAINAGE SYSTEMS, INC. 
