ABM Industries (ABM) Posts Q4 EPS of $0.43, In-Line with Views; Guides FY11 EPS; Increases Dividend 3.7% to $0.14, Yields 2.2%

ABM Industries, Inc. (NYSE: ABM) reports Q4 EPS of $0.43, even with the analyst estimate of $0.43. Revenue for the quarter was $901.4 million, which compares to the estimate of $895.45 million. Sees FY11 adjusted EPS of $1.43 - $1.53, versus the consensus of $1.49. The Board of Directors has declared a first quarter cash dividend of $0.14 per common share, $0.56 annualized. The dividend is a 3.7% increase from the current rate of $0.135. The dividend is payable on February 7, 2011 to stockholders of record on January 6, 2011. The ex-dividend date is January 4, 2011. Yield on the dividend is 2.2%.... Read more

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