Hexcel Corp. (NYSE: HXL) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 20% increase from the prior dividend of $0.125.

The dividend will be payable on August 10, 2018, to stockholders of record on August 3, 2018, with an ex-dividend date of August 2, 2018.

The annual yield on the dividend is 0.9 percent.

“The Board of Directors endorsement of an increased dividend reflects confidence in our ability to consistently deliver strong operating performance and generate increasing free cash flow. Our robust outlook, strong balance sheet and disciplined capital deployment strategy enables us to increase dividends to our stockholders while we continue to invest in technology and capacity to support our growth,” said Nick Stanage, Hexcel’s Chairman, CEO and President.

For a dividend history and other dividend-related data on Hexcel Corp. (HXL) click here.