Aecom hikes dividend by 20%

On November 17, 2022, AECOM (ACM) declared a new quarterly dividend of 18 cents per share, up 20% from the previous dividend of 15 cents. In 2021 Aecom initiated a dividend and this is the first ever dividend hike.

The dividend is payable on January 20, 2023 to stockholders of record as of the close of business on January 4, 2023. The dividend yield for ACM is 0.9% at a stock price of $84. Aecom stock touched an all time high just recently.

“The increase in our quarterly dividend reaffirms our long-term plan to return substantially all available cash flow to stockholders, including by raising our dividend per share by double digits annually,” said Troy Rudd, AECOM’s chief executive officer. “The strength of our balance sheet, growth strategy and consistently strong performance allowed us to return nearly $500 million to stockholders through share repurchases and dividends in fiscal 2022 as we continue to maximize value for shareholders.”

AECOM is an infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. The Company provides professional services throughout the project lifecycle, from planning, architecture, design and engineering to program and construction management. Its segments include Americas, International and AECOM Capital (ACAP). AECOM initiated a dividend in 2021.