Sensient Technologies (SXT) Raises Quarterly Dividend 10% to $0.33, 1.7% Yield; Announces New Share Buyback Authorization

Sensient Technologies (NYSE: SXT) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 10% increase from the prior dividend of $0.30.

The dividend will be payable on December 1, 2017, to stockholders of record on November 6, 2017, with an ex-dividend date of November 3, 2017.

The annual yield on the dividend is 1.7 percent.

Share Buyback

In addition, Sensient’s Board of Directors has approved a resolution to increase the authorization under its share repurchase program by 3.0 million shares. This new authorization supplements the existing authorization, which has approximately 600,000 shares remaining available for repurchase.

“We are pleased to announce this dividend increase and new repurchase authorization, which demonstrates our commitment to deliver shareholder value,” said Paul Manning, Chairman, President and CEO of Sensient Technologies Corporation. “Since 2014, Sensient has increased its quarterly dividend by 43% and repurchased approximately 6.8 million shares of its common stock. This announcement underscores our confidence in Sensient’s financial strength and future outlook.”

For a dividend history and other dividend-related data on Sensient Technologies (SXT) click here.

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