Armstrong World Industries Announces Quarterly Dividend

Rhea-AI Summary

Armstrong World Industries, Inc. (NYSE:AWI) announced a cash dividend of $0.231 per share, payable on August 18, 2022, to shareholders on record as of August 4, 2022. The company's future dividend declarations will depend on its financial position and results of operations. With $1.1 billion in revenue in 2021, AWI operates 15 manufacturing facilities and employs nearly 3,000 individuals.

Positive

• Dividend of $0.231 per share enhances shareholder returns.
• Strong revenue of $1.1 billion in 2021 indicates robust business performance.

Negative

• Future dividends are at the discretion of the Board, introducing uncertainty.

LANCASTER, Pa., July 20, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, today announced that its Board of Directors has declared a cash dividend of $0.231 per share of common stock. The dividend will be paid on Aug. 18, 2022, to shareholders on record as of the close of business on Aug. 4, 2022.

The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow.

About Armstrong
Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative ceiling and wall solutions in the Americas. With $1.1 billion in revenue in 2021, AWI has nearly 3,000 employees and a manufacturing network of 15 facilities, plus six facilities dedicated to its WAVE joint venture. For more information, visit www.armstrongceilings.com.

Contacts
Investors:           Theresa Womble, tlwomble@armstrongceilings.com or (717) 396-6354
Media:                Jennifer Johnson, jenniferjohnson@armstrongceilings.com or (866) 321-6677

FAQ

What is the dividend amount declared by AWI?

Armstrong World Industries declared a dividend of $0.231 per share.

When will the AWI dividend be paid?

The dividend will be paid on August 18, 2022.

What is the record date for the AWI dividend?

The record date for the dividend is August 4, 2022.

How much revenue did AWI report in 2021?

Armstrong World Industries reported $1.1 billion in revenue for 2021.