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wzebra33

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wzebra33

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Friday, 03/23/2012 7:53:48 PM

Friday, March 23, 2012 7:53:48 PM

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ALERT ! Armstrong World Industries Declares Special Cash Dividend

LANCASTER, Pa., March 23, 2012 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. AWI +0.11% today announced that its board of directors has declared a special cash dividend of $8.55 per share. The dividend will be paid on April 10, 2012 to shareholders of record as of April 3, 2012. The ex-dividend date will be March 30, 2012. The dividend will be funded in part by surplus cash on the Company's balance sheet, and in part by the additional $250 million of debt that the Company successfully issued in the term loan B market via an expansion of its existing senior credit facility from $1.05 billion to $1.3 billion.

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