Advanced Drainage Systems, Inc.
WMSIndustrials · Stock · quarterly payer
Forward Yield
0.59%
Annual Dividend
$0.80
Payout Ratio
13%
5-Yr Growth
14.2%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of September 2026, Advanced Drainage Systems, Inc. (WMS) yields 0.59% ($0.80 per share annually), with a blended fair-value estimate of $68.66 — -49% downside, so it screens as overvalued. Dividend safety grade: A (84/100). 11 years of dividend growth.
Is WMS a good dividend stock?
YesAdvanced Drainage Systems, Inc. (WMS) pays a quarterly dividend yielding 0.59% ($0.80/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 11 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (13%)
- Strong 14.2% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.59%
- Payout Ratio
- 13%
- Annual Dividend
- $0.80
- 5-Yr Avg Growth
- 14.2%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 11
- Frequency
- quarterly
- Beta
- 1.28
- Market Cap
- $10.2B
- P/E Ratio
- 23.2
- 5-Yr Total Return
- 26%
- 52-Week Range
- $128.03 – $179.32
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
Frequently Asked Questions
WMS Price — Last 12 Months
Daily close
Price Return
1 Year
-2%
3 Years
+19%
5 Years
+26%
52-Week Range
$128.03 – $179.32
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WMS worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Advanced Drainage Systems, Inc. is $68.66 per share, versus a market price of $135.76. That implies 49% of downside.
Fair Value
$68.66
Current Price
$135.76
Downside
-49%
Margin of Safety
-98%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 18.9% annual free-cash-flow growth. We model 3.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.7% discount rate (CAPM), 3.2% stage-1 growth, 2.5% terminal growth, $5.86 EPS, $0.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WMS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.2000 | regular |
| Jun 1, 2026 | — | $0.2000 | regular |
| Mar 2, 2026 | — | $0.1800 | regular |
| Dec 1, 2025 | — | $0.1800 | regular |
| Aug 29, 2025 | — | $0.1800 | regular |
| May 30, 2025 | — | $0.1800 | regular |
| Feb 28, 2025 | — | $0.1600 | regular |
| Dec 2, 2024 | — | $0.1600 | regular |
| Aug 30, 2024 | — | $0.1600 | regular |
| May 31, 2024 | — | $0.1600 | regular |
| Feb 29, 2024 | — | $0.1400 | regular |
| Nov 30, 2023 | — | $0.1400 | regular |
| Aug 31, 2023 | — | $0.1400 | regular |
| May 31, 2023 | — | $0.1400 | regular |
Income Calculator
At $0.80 / yr per share
