Armstrong announces special cash dividend

Armstrong World Industries has announced that its board of directors has declared a special cash dividend of $8.55 per share. Part of this dividend will be paid through the cash surplus that the company has thanks to excellent sales figures in the past several months. Armstrong is currently ranked BB- (stable) and B1 (stable) by Standard & Poor's and Moody's, respectively. At the moment, it is unclear how much of this dividend will consider such for tax purposes, though such figures will certainly arise as time goes on.

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