Cabot Microelectronics (CCMP) Raises Quarterly Dividend 4.8% to $0.44, 1.3% Yield; Provides Commentary on Guidance

Cabot Microelectronics (NASDAQ: CCMP) declared a quarterly dividend of $0.44 per share, or $1.76 annualized. This is a 4.8% increase from the prior dividend of $0.42.

The dividend will be payable on April 24, 2020, to stockholders of record on March 24, 2020, with an ex-dividend date of March 23, 2020.

The annual yield on the dividend is 1.3 percent.

The company also is providing the following commentary on its second quarter of fiscal 2020 guidance: “At present, we have not seen a significant impact from the COVID-19 on our global supply chain or operations, and based on currently available information, our expectations for revenue for our second fiscal quarter appear to be trending in-line with the guidance provided during our first fiscal quarter earnings call on February 6; however, the environment is rapidly evolving and we will continue to monitor developments as related to our business,” said David Li, President and CEO of Cabot Microelectronics Corporation.

For a dividend history and other dividend-related data on Cabot Microelectronics (CCMP) click here.

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