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ABM Increases Quarterly Dividend

ABM has declared an increased quarterly dividend of US$0.22 per share on the company’s common stock, up 12.8% from the previous quarter.

The dividend―$0.88 annualized with a yield of 1.87%―is payable February 6, 2023, to shareholders of record at the close of business January 5, 2023. This marks ABM’s 227th consecutive quarterly cash dividend.

“This dividend increase reflects ABM’s growth and the board’s confidence in the company’s ability to continue to deliver solid results and cash flows. The increase also represents a jumpstart of ABM’s plan to grow its dividend payout ratio to a range of 30% to 35% of adjusted net income over the long term,” said Sudhakar Kesavan, ABM board chairman.

About ABM
ABM is a provider of building maintenance and facility services across the United States and Canada, offering customized solutions for cleaning, engineering maintenance, and commercial building maintenance. For more information, visit www.abm.com.