Due to potential tax law changes, also known as the looming "fiscal cliff," waste-to-energy company Covanta Holding Corp. announced today that its Board of Directors declared its quarterly cash dividend of 15 cents per share for January will be paid earlier.
The cash dividend will be paid on Dec. 26 to shareholders of record at the close of business on Dec. 18, according to a news release.
The traditional January dividend payable date was changed to December for this year only, the company said.
In the first quarter of 2011, the Morristown, N.J.-based company began declaring regular quarterly cash dividends of .075 cents per share or 30 cents per share on an annualized basis.
In March, Covanta Holding doubled its quarterly cash dividend to 15 cents per share, representing 60 cents per share on an annualized basis.
Covanta Holding and its subsidiary Covanta Energy Corp. owns and operates 44 WTE facilities around the world.