Covanta Declares Regular Quarterly Cash Dividend
MORRISTOWN, NJ -- (Marketwire) -- 06/12/12 -- Covanta Holding Corporation (CVA) ("Covanta" or the "Company") today announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share, payable on July 6, 2012 to stockholders of record as of the close of business on June 22, 2012.
The Company commenced declaring regular quarterly cash dividends of $0.075 per share, representing $0.30 per share on an annualized basis, in the first quarter of 2011. The Company then doubled its quarterly cash dividend to $0.15 per share, representing $0.60 per share on an annualized basis, in March 2012. Since July 2010, the Company has returned more than $650 million to shareholders in the form of dividends and share repurchases.
Covanta Holding Corporation is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's 45 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into 9 million megawatt hours of clean renewable electricity and create more than 9 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaenergy.com.
Source: Covanta Holding Corporation