Covanta Declares Regular Quarterly Cash Dividend
Rhea-AI Summary
Covanta Holding Corporation (NYSE: CVA) announced a quarterly cash dividend of $0.08 per share, payable on January 8, 2021. This dividend will be given to stockholders recorded by the close of business on December 31, 2020. Covanta operates in sustainable waste and energy solutions, converting 21 million tons of waste annually into renewable electricity, serving about one million homes. The announcement reflects Covanta's commitment to returning value to its shareholders.
Positive
- Quarterly cash dividend of $0.08 per share reflects company confidence.
- Sustainable operations converting 21 million tons of waste into renewable energy support long-term growth.
Negative
- None.
News Market Reaction – CVA
In the trading session that priced this news, CVA gained 5.42%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MORRISTOWN, N.J., Dec. 3, 2020 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of
About Covanta
Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Waste-to-Energy ("WtE") facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle 500,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today's most complex environmental challenges. For more information, visit covanta.com.
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SOURCE Covanta Holding Corporation