On December 13, 2023, ABM Industries Incorporated announced that the board of directors of the company approved a quarterly cash dividend of $0.225 per common share for the fourth quarter ended October 31, 2023, which is a 2.3% increase from the prior quarterly cash dividend, payable on February 5, 2024, to shareholders of record on January 4, 2024. This increase advances the company?s objective to grow its dividend payout ratio to a range of 30% to 35% of adjusted net income over the long term. This will be the Company?s 231st consecutive quarterly cash dividend.
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- ABM Industries Incorporated Approves Quarterly Cash Dividend for the Fourth Quarter Ended October 31, 2023, Payable on February 5, 2024