Covanta Declares Regular Quarterly Cash Dividend
MORRISTOWN, NJ -- (Marketwire) -- 11/27/12 -- 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 December 26, 2012 to stockholders of record as of the close of business on December 18, 2012.
The Company noted that due to potential tax law changes, the traditional January dividend payable date was changed to December for this year only.
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.
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 44 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 approximately 9 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaenergy.com.
Source: Covanta Holding Corporation