Advanced Emissions Solutions (NASDAQ:ADES) declared that its board has approved a share buyback program, which authorizes the company to repurchase $10.00 million in shares on Monday, March 26th. This repurchase authorization authorizes the industrial products company to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Shares of NASDAQ:ADES opened at $11.42 on Friday. The company has a market capitalization of $237.00, a PE ratio of 7.32 and a beta of 1.78. Advanced Emissions Solutions has a fifty-two week low of $7.00 and a fifty-two week high of $12.20.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Wednesday, February 21st were issued a $0.25 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.76%. Advanced Emissions Solutions’s payout ratio is 64.10%.
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About Advanced Emissions Solutions
ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.
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