Covanta Declares Regular Quarterly Cash Dividend
Dividend Payment Set at $0.25 Per Share

MORRISTOWN, N.J., May 7, 2015 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company") today announced that the Board of Directors has declared a quarterly cash dividend of $0.25 per share, payable on July 7, 2015 to stockholders of record as of the close of business on June 29, 2015.

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About Covanta

Covanta is a world leader in providing sustainable waste and energy solutions. The Company's 45 Energy-from-Waste facilities provide communities and businesses around the world with environmentally sound solid waste disposal by using waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into clean, renewable electricity to power approximately one million homes and recycle approximately 500,000 tons of metal. Energy-from-Waste facilities reduce greenhouse gases, complement recycling and are a critical component to sustainable solid waste management. For more information, visit www.covanta.com.

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SOURCE Covanta Holding Corporation

For further information: Investor Contacts: Alan Katz, 1.862.345.5456, IR@covanta.com; or Media Contact: James Regan, 1.862.345.5216