Advanced Emissions Solutions Announces First Cash Dividend
June 14 2017 - 05:01PM
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) today announced
that its Board of Directors declared a quarterly cash dividend of
$0.25 per share of common stock.
The dividend is payable on July 17, 2017 to
stockholders of record at the close of business on June 28,
2017.
“The official declaration of the Company’s first
ever quarterly dividend is the next exciting step in our continued
focus on returning value to our shareholders,” said L. Heath
Sampson, Chief Executive Officer. “This quarterly dividend, in
conjunction with the recently completed tender offer, is expected
to return approximately $28 million to our shareholders through the
end of 2017.”
About the Company
Advanced Emissions Solutions, Inc., through our
subsidiaries and joint ventures, is a leader in emissions control
technologies and associated equipment, chemicals and services to
customers in the coal-fired power generation industry. Our
proprietary environmental technologies and specialty chemicals
enable our customers to enhance existing air pollution control
equipment, minimize mercury, acid gases, and other emissions,
maximize capacity, and improve operating efficiency to meet the
challenges of existing and pending emission control
regulations.
Caution on Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, which provides a “safe harbor” for such
statements in certain circumstances. These forward-looking
statements include the Company’s plans to pay dividends, which is
subject to certain conditions and involve risks and uncertainties
identified from time to time in the Company’s filings with the SEC.
Actual events or results could differ materially from those
discussed in the forward-looking statements as a result of various
factors You are cautioned not to place undue reliance on the
forward-looking statements and to consult filings we have made and
will make with the SEC for additional discussion concerning risks
and uncertainties that may apply to our business and the ownership
of our securities. The forward-looking statements speak only as to
the date of this press release.
About Advanced Emissions Solutions,
Inc.
Advanced Emissions Solutions, Inc. serves as the holding entity
for a family of companies that provide emissions solutions to
customers in the power generation and other industries.
ADA-ES, Inc. (“ADA”) is a wholly-owned subsidiary of Advanced
Emissions Solutions, Inc. (“ADES”) that provides emissions control
solutions for coal-fired power generation and industrial boiler
industries. With more than 25 years of experience developing
advanced mercury control solutions, ADA delivers proprietary
environmental technologies, equipment and specialty chemicals that
enable coal-fueled boilers to meet emissions regulations. These
solutions enhance existing air pollution control equipment,
maximizing capacity and improving operating
efficiencies. Our track record includes securing more
than 30 US patents for emissions control technology and systems and
selling the most activated carbon injection systems for power plant
mercury control in North America. For more information on ADA, and
its products and services, visit www.adaes.com or the ADA Blog
(http://blog.adaes.com/).
Tinuum Group, LLC is a 42.5% owned joint venture by ADA that
provides ADA’s patented Refined Coal CyClean™ technology to enhance
combustion of and reduce emissions of NOx and mercury from coal in
cyclone boilers and ADA’s patented M-45™ and patent pending
M-45-PC™ technologies for Circulating Fluidized boilers and
Pulverized Coal boilers respectively. www.tinuumgroup.com
Investor Contact:
Alpha IR Group
Chris Hodges or Ryan Coleman
312-445-2870
ADES@alpha-ir.com
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