Trinseo (TSE) Raises Quarterly Dividend 20% to $0.36; Approves 2M Share Buyback

June 22, 2017 8:03 AM EDT

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Trinseo (NYSE: TSE) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. This is a 20% increase from the prior dividend of $0.30.

The dividend will be payable on July 25, 2017, to stockholders of record on July 11, 2017, with an ex-dividend date of July 7, 2017.

The annual yield on the dividend is 2.2 percent.

In addition, Trinseo’s Board of Directors authorized the repurchase of up to 2 million shares of the Company’s ordinary shares over the next 18 months. This authorization replaces the Company’s prior repurchase authorization.

“I am pleased with Trinseo’s continued commitment to balance investment opportunities with return of capital to shareholders through an increased dividend and the new share repurchase program,” said Chris Pappas, President and CEO of Trinseo. “These programs underscore our confidence in our continued financial strength and the long-term outlook of our business."

For a dividend history and other dividend-related data on Trinseo (TSE) click here.

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