Dec 9, 2011 - US waste-to-energy firm Covanta Holding Corp (NYSE:CVA) said Thursday it would distribute a USD-0.075 (EUR 0.056) quarterly cash dividend on January 5.
Shareholders of record on December 21 are to receive the payout.
In the third quarter of 2011, Covanta saw its earnings before interest, tax, depreciation and amortisation (EBITDA) climb to USD 152 million from USD 150 million a year ago, while adjusted earnings per share (EPS) remained flat at USD 0.24.
Operating revenue grew by 7% year-on-year to USD 432 million, in part as a result of higher construction revenue and strong recycled metals pricing.
The company declared its first USD-0.075 dividend in the first quarter of 2011.