OM Group, Inc. (OMG) Declares $0.075 Quarterly Dividend; Approves $50M Buyback

OM Group, Inc. (NYSE: OMG) declared a quarterly dividend of $0.075 per share, or $0.3 annualized.

The dividend will be payable on September 5, 2014, to stockholders of record on August 22, 2014, with an ex-dividend date of August 20, 2014.

The annual yield on the dividend is 1.2 percent.

OM Group, Inc. also announced that its Board of Directors has approved an additional share repurchase authorization of up to $50 million of its common shares. In 2013, the Board authorized the repurchase of up to $50 million of its common shares, of which the Company has repurchased $24 million through June 30, 2014. On a combined basis under both authorizations, $76 million remains available for repurchases, with no expiration.

For a dividend history and other dividend-related data on OM Group, Inc. (OMG) click here.

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