BLUE BELL, PA — BrightView Holdings Inc. (NYSE: BV) said its board of directors has declared an $8.8 million cash dividend on the company’s Series A Preferred Stock, covering the period from December 31, 2025, through March 30, 2026.
The dividend will be paid on April 1, 2026, to holders of record as of March 15, according to the company.
BrightView said the payment marks its ninth consecutive quarterly cash dividend on the preferred shares, which the company said reflects its balance sheet flexibility and its decision to avoid the dilution that could result from paying the dividend in kind.
The Series A Preferred Stock was issued on August 28, 2023, when BrightView sold 500,000 shares for an aggregate purchase price of $500 million.
Those shares are convertible into BrightView common stock at a conversion price of $9.44 per share.
The preferred stock carries a 7.0% annual dividend rate, compounding quarterly, with dividends payable either in kind or in cash at the company’s election.
BrightView is the largest provider of commercial landscaping services in the United States, serving properties that include corporate campuses, public parks, sports fields, and other commercial sites.
The company operates through two main segments.
Its maintenance services business generates recurring revenue through long-term contracts for mowing, gardening, mulching, irrigation management, tree care, and seasonal services such as snow and ice removal.
Its development services business handles landscape architecture, design, and installation work tied to new construction and renovation projects, including golf course construction and sports field development.
BrightView was formed in 2014 through the merger of The Brickman Group and ValleyCrest Landscape Companies.
For the fiscal year ended September 30, 2025, the company reported approximately $2.67 billion in annual revenue, according to the information provided.
The company also reported record adjusted EBITDA of $352.3 million for fiscal 2025, even as it posted a $15.2 million net loss in the first quarter of fiscal 2026, which the company attributed in part to seasonal factors and project timing.
BrightView has said it is pursuing its “One BrightView” strategy, which focuses on centralizing procurement and investing in technology to improve margins.
The company is also expanding its sales force to drive organic growth and improve contract retention, which it said is about 83.5%.
In addition to the preferred stock dividend, BrightView recently authorized a $150 million share repurchase program as part of its capital allocation strategy.
BrightView’s leadership team includes President and Chief Executive Officer Dale Asplund and Executive Vice President and Chief Financial Officer Brett Urban.
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