Armstrong Worldwide (AWI), a maker of flooring and ceiling products, rises 2.9% AH after...

|About: Armstrong World Industries,... (AWI)|By:, SA News Editor

Armstrong Worldwide (AWI), a maker of flooring and ceiling products, rises 2.9% AH after announcing an $8.55/share special dividend. The dividend, which will cost Armstron nearly $500M based on its current share count, will be financed using a combo of on-hand cash and $250M in debt obtained through the expansion of an existing credit facility.