Celanese Corp. (CE) Raises Quarterly Dividend 17.4% to $0.54; 1.9% Yield
Celanese Corp. (NYSE: CE) declared a quarterly dividend of $0.54 per share, or $2.16 annualized. This is a 17.4% increase from the prior dividend of $0.46.
The dividend will be payable on May 10, 2018, to stockholders of record on April 30, 2018, with an ex-dividend date of April 27, 2018.
The annual yield on the dividend is 1.9 percent.
“Increasing our dividend consistently is a key element of our strategy to maximize long-term value for our shareholders. Today’s announcement marks the ninth consecutive year of dividend increases, and is both a reflection of our strong cash generation and confidence in the growth prospects for our business. During that period, the cash we have returned to shareholders through dividends has grown substantially to $241 million in 2017, versus $23 million in 2009,” said Mark Rohr, Chairman and Chief Executive Officer.
Rohr continued, “Last year, we committed to increasing our dividend by at least 50% over the three-year period through 2019 with a targeted payout of $300 million or more in 2019. This increase is the second of three annual steps to meet that goal.”
For a dividend history and other dividend-related data on Celanese Corp. (CE) click here.