--- the subscriber area has no ads and those above are not selected or endorsed by this site ---


Covanta declares dividend and more +3

16:52 22-Sep-16


Covanta has announced its quarterly 25 cent dividend, for investors who own the stock before Sept. 29th.   This announcement was overdue, which was likely a cause for concern in conjunction with the recent CFO departure.  It will be interesting to see what the stock does tomorrow.  With this detail out of the way, as per my recent shopping list notes, aggressive investors might consider buying any dips at all in the stock.  

The company has also added two new board members, and I do think these speak to the company's long-term potential for expanding internationally and continuing to optimize its business.  Nonetheless, that expansion will take time and capital.  With metal and fuel prices remaining fairly low, I would not be inclined to chase CVA much in the current market.