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Armstrong World Industries Declares Cash Dividend for Second Quarter 2021

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Armstrong World Industries (AWI) has declared a cash dividend of $0.21 per share for Q2 2021. This dividend is payable on August 19, 2021, to shareholders of record by August 5, 2021. The company, which reported over $937 million in revenue for 2020, highlighted that future dividends will depend on its financial health and operational results. Notably, any forward-looking statements are subject to risks and uncertainties that could affect actual performance.

Positive
  • Declared a cash dividend of $0.21 per share, indicating shareholder return.
  • Company reported over $937 million in revenue for 2020, showcasing financial stability.
Negative
  • Future dividends depend on financial position and results, indicating potential uncertainty for investors.

LANCASTER, Pa., July 21, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, today announced that its Board of Directors has declared a cash dividend of $0.21 per share for the second quarter of 2021. The dividend will be paid on August 19, 2021, to shareholders of record as of the close of business on August 5, 2021.

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.

Uncertainties Affecting Forward-Looking Statements

Disclosures in this release, including without limitation, those relating to future financial results, future dividends or capital allocation, market conditions and guidance, the impacts of COVID-19 on our business, and in our other public documents and comments, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements provide our future expectations or forecasts and can be identified by our use of words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “outlook,” “target,” “predict,” “may,” “will,” “would,” “could,” “should,” “seek,” and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the “Risk Factors” and “Management’s Discussion and Analysis” section of our report on Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update any forward-looking statements beyond what is required under applicable securities law.

About Armstrong

Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions in the Americas. With over $937 million in revenue in 2020, AWI has about 2,800 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 Armstrong World Industries for Q2 2021?

The dividend amount declared is $0.21 per share.

When will Armstrong World Industries pay the dividend?

The dividend will be paid on August 19, 2021.

What is the record date for the dividend payment by Armstrong World Industries?

The record date for the dividend payment is August 5, 2021.

Will Armstrong World Industries continue to pay dividends in the future?

Future dividends will depend on the company's financial position and operational results.

What revenue did Armstrong World Industries report for 2020?

Armstrong World Industries reported over $937 million in revenue for 2020.

Armstrong World Industries, Inc.

NYSE:AWI

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6.20B
42.96M
1.44%
102.06%
1.46%
Building Products & Equipment
Plastics Products, Nec
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United States of America
LANCASTER