dividend
confidence high
sentiment positive
materiality 0.70
AECOM initiates quarterly dividend program; first dividend $0.15/sh payable Jan 21, 2022
AECOM
- Quarterly cash dividend of $0.15 per share declared, payable Jan 21, 2022 to holders of record Jan 5, 2022.
- Company intends to increase dividend per share by double-digit percentage annually.
- Reaffirms FY2022 adjusted EPS guidance $3.20-$3.40 and EBITDA $880M-$920M; free cash flow $450M-$650M.
- Reiterates long-term target of at least $4.75 adjusted EPS in FY2024 and 15% segment operating margin by 2024.
- Capital allocation policy to return substantially all available cash flow via dividends and share repurchases.