Armstrong World raises quarterly dividend 10% to 30.8c per share

Armstrong World (AWI) Industries announced today that its Board of Directors has approved a 10% increase in the company’s quarterly cash dividend to $0.308 per share of common stock. The dividend will be paid on November 21, 2024, to stockholders of record as of the close of business on November 7, 2024. “This announcement marks the sixth consecutive annual increase since we initiated our dividend program in 2018. This growth reflects our ability to generate free cash flow as well as the Board of Director’s continued confidence in our long-term growth strategy,” said AWI Senior Vice President and CFO Chris Calzaretta. “With our healthy balance sheet and track record of strong free cash flow growth, we remain committed to returning cash to shareholders as an important pillar of our capital allocation framework.”