Armstrong World Industries (AWI) announced after the close Monday that its Board of Directors is considering the payment to shareholders of a special cash dividend of approximately $500 million in the aggregate.
Armstrong World Industries gapped open higher Tuesday and climbed until around 1:15PM. Shares finished up by 4.04 at $57.13, with volume at a 7-month high. The stock broke out to its second consecutive new high for the year.
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