ABM Industries raises dividend for 50th consecutive year

ABM Industries (ABM) will raise its dividend by 3%.

The quarterly dividend will be hiked from $0.165 to $0.17 per share, marking ABM’s 203rd consecutive quarterly cash dividend.

The increased dividend is payable on February 6, 2017 to stockholders of record on January 5, 2017.

Facility solutions provider ABM has raised its dividend for 50 consecutive years. Based on a stock price of $40 the dividend yield is 1.7%.

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