Armstrong World Industries Announces Quarterly Dividend

Rhea-AI Summary

Armstrong World Industries (AWI) has declared a cash dividend of $0.254 per share, scheduled for payment on May 18, 2023, to shareholders of record by the close of business on May 4, 2023. This decision reflects the company's ongoing commitment to returning value to its investors. Future dividends will depend on the company's financial health, operational results, and cash flow, as determined by its Board of Directors. In 2022, AWI reported $1.2 billion in revenue, underlining its position as a leader in the ceiling and wall solutions industry, employing approximately 3,000 people across 16 manufacturing facilities.

Positive

• Dividend declaration of $0.254 per share enhances shareholder value.
• Company reported $1.2 billion in revenue for 2022, indicating strong performance.
• Approximately 3,000 employees demonstrate stable operational capacity.

Negative

• None.

LANCASTER, Pa., April 19, 2023 (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 $0.254 per share of common stock. The dividend will be paid on May 18, 2023, to shareholders on record as of the close of business on May 4, 2023.

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 $1.2 billion in revenue in 2022, AWI has approximately 3,000 employees and a manufacturing network of 16 facilities, plus seven facilities dedicated to its WAVE joint venture. For more information, visit www.armstrongceilings.com.

Contacts
Investors & Media: Theresa Womble, tlwomble@armstrongceilings.com or (717) 396-6354

FAQ

What is the dividend amount declared by AWI?

Armstrong World Industries has declared a dividend of $0.254 per share.

When will the dividend be paid?

The dividend will be paid on May 18, 2023.

What is the record date for the dividend?

The record date for the dividend is May 4, 2023.

What factors influence future dividend payments for AWI?

Future dividend payments will depend on the company's financial position, results of operations, and cash flow.

How much revenue did AWI report in 2022?

Armstrong World Industries reported $1.2 billion in revenue for 2022.