Axiall Corp. (AXLL) Declares $0.16 Quarterly Dividend; Makes Tim Mann Permanent CEO

Axiall Corp. (NYSE: AXLL) declared a quarterly dividend of $0.16 per share, or $0.64 annualized.

The dividend will be payable on January 11, 2016, to stockholders of record on December 23, 2015, with an ex-dividend date of December 21, 2015.

The annual yield on the dividend is 3.4 percent.

Axiall also announced that it appointed Timothy Mann, Jr. as the company’s president and chief executive officer, a position to which he was named on an interim basis on July 6, 2015. In addition, Mr. Mann was named to the board of directors.

“The board completed its CEO search process and is pleased to select Tim Mann to be the president and chief executive to lead Axiall Corporation,” said Axiall Board Chairman Mark Noetzel. “Tim has energized the employees and has renewed our focus on Axiall’s primary strategic initiatives. He has demonstrated to the board the right experience and capabilities to lead Axiall as we enhance the company’s competitive position to drive shareholder value.”

Axiall President and CEO Mann said, “We are strengthening the company’s competitive position through improved operational reliability and a focus on cost competitiveness. Further, we continue to evaluate the alternatives for the entire portfolio of businesses and assets. I want to thank our employees for their dedication to safe operations and customer service.”

For a dividend history and other dividend-related data on Axiall Corp. (AXLL) click here.

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