Concrete Pumping Holdings, Inc. (NASDAQ: BBCP) has declared a special, one-time cash dividend of $1.00 per share of common stock. The special dividend, subject to the closing of the company's previously announced offering of $425.0 million aggregate principal amount of senior secured second lien notes due 2032, will be paid on or about February 3, 2025. Stockholders of record as of January 24, 2025, will be eligible to receive the special dividend, with the aggregate amount of the payment expected to be approximately $53 million.
Concrete Pumping Holdings is a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K. markets. As of October 31, 2024, the company provided concrete pumping services in the U.S. from approximately 90 locations across 22 states, concrete pumping services in the U.K. from 35 locations, and route-based concrete waste management services from 20 locations in the U.S. and one shared location in the U.K.
No specific financial metrics or changes from the previous period were provided in the press release. Following these announcements, the company's shares moved 3.1%, and are now trading at a price of $8.3. If you want to know more, read the company's complete 8-K report here.
