Armstrong World Industries Declares Special Cash Dividend of $8.55/Share
Armstrong World Industries, Inc. (NYSE: AWI) today announced that its board of directors has declared a special cash dividend of $8.55 per share. The dividend will be paid on April 10, 2012 to shareholders of record as of April 3, 2012. The ex-dividend date will be March 30, 2012. The dividend will be funded in part by surplus cash on the Company's balance sheet, and in part by the additional $250 million of debt that the Company successfully issued in the term loan B market via an expansion of its existing senior credit facility from $1.05 billion to $1.3 billion.
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