Advanced Drainage Systems Inc(NYSE:WMS) Declares Dividend of $0.0600.

Advanced Drainage Systems Inc (NYSE:WMS) had declared a cash dividend of $0.0600 on Jun 7, 2016. The shares will quote ex-dividend on Jun 14, 2016 and the record date has been fixed on Jun 16, 2016. At Jun 7, 2016 share price, the yield comes out to be 0.9824%. The dividend payable date has been fixed on Jun 30, 2016.

In a different note, On Mar 31, 2016, Deutsche Bank said it Maintains its rating on Advanced Drainage Systems Inc. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Hold’ by the firm.

Advanced Drainage Systems Inc (WMS) shares turned negative on Fridays trading session with the shares closing down -0.76 points or -2.80% at a volume of 6,81,438. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.37. The peak price level was also seen at $27.37 while the days lowest was $26.32. Finally the shares closed at $26.35. The 52-week high of the shares is $33.28 while the 52-week low is $17.72. According to the latest information available, the market cap of the company is $1,435 M.

Advanced Drainage Systems Inc(WMS) last announced its earnings results on Jun 7, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $244.20M. Analysts had an estimated revenue of $172.17M. Earnings per share were $-0.11.

Several Insider Transactions has been reported to the SEC. On May 28, 2015, Ewout Leeuwenburg (SVP, International) sold 18,500 shares at $29.20 per share price.Also, On May 26, 2015, Ronald R Vitarelli (EVP & Co-COO) sold 5,000 shares at $29.04 per share price.On May 26, 2015, Mark B Sturgeon (EVP, CFO, Secretary, Treasurer) sold 25,000 shares at $29.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Advanced Drainage Systems Inc. designs manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe polypropylene (PP) pipe and related water management products. Its product categories include pipe fittings Nyloplast drainage structures StormTech chambers water quality onsite leaching systems and concrete structures. Its Domestic segment manufactures and markets products throughout the United States. Its International segment manufactures and markets products in regions outside of the United States with focus on its facilities in Canada and through its joint ventures and with local partners in Mexico Central America and South America. Its products are used across a range of markets and applications including non-residential residential agriculture and infrastructure applications.

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