MORRISTOWN, N.J., Dec. 8, 2016 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of $0.25 per share. The next dividend will be payable on January 6, 2017 to stockholders of record as of the close of business on December 30, 2016.
"The Company is committed to its dividend, and our goal remains to increase it over the long-term," said Stephen J. Jones, Covanta's President and CEO. "However, given the very robust level of our payout today, and in light of our near-term outlook for Free Cash Flow growth, we believe that maintaining our dividend at its current level is appropriate."
Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle approximately 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