AECOM affirms its capital allocation policy, increases share repurchase authorization to $1 billion and increases its quarterly dividend by 22%
13 Novembro 2023 - 6:10PM
Business Wire
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting
firm, today announced that its Board of Directors has approved
increases to both its share repurchase authorization to $1 billion
and its quarterly dividend program by 22% to $0.22 per share.
The increased share repurchase authorization builds on the $1.8
billion of shares repurchased since September 2020, which has
reduced shares outstanding by 19%.
The increased dividend as declared by the Board, which will be
reflected in its next dividend payment on January 19, 2024, to
stockholders of record on January 4, 2024, is consistent with the
Company’s commitment to annual double-digit increases in the per
share value of its dividend.
“As today’s announcement demonstrates, we are committed to our
returns-focused capital allocation policy, which is focused on
high-returning investments in organic growth followed by returning
substantially all available cash flow to shareholders through share
repurchases and dividends,” said Troy Rudd, AECOM’s chief executive
officer. “Under this policy, we have delivered highly profitable
organic revenue growth, built a record design backlog, and returned
$2 billion to shareholders since 2020, which has enhanced our total
shareholder return. Our competitive advantages, combined with
accelerating end market growth and our strong cash flow and balance
sheet, underpin our confidence in long-term shareholder value
creation.”
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure
consulting firm, delivering professional services throughout the
project lifecycle – from advisory, planning, design and engineering
to program and construction management. On projects spanning
transportation, buildings, water, new energy, and the environment,
our public- and private-sector clients trust us to solve their most
complex challenges. Our teams are driven by a common purpose to
deliver a better world through our unrivaled technical and digital
expertise, a culture of equity, diversity and inclusion, and a
commitment to environmental, social and governance priorities.
AECOM is a Fortune 500 firm and its Professional Services business
had revenue of $14.4 billion in fiscal year 2023. See how we are
delivering sustainable legacies for generations to come at
aecom.com and @AECOM.
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version on businesswire.com: https://www.businesswire.com/news/home/20231113257663/en/
Media: Brendan Ranson-Walsh Senior Vice President, Global
Communications 213.996.2367 Brendan.Ranson-Walsh@aecom.com
Investors: Will Gabrielski Senior Vice President,
Finance, Treasurer 213.593.8208 William.Gabrielski@aecom.com
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