Cabot Microelectronics (CCMP) Initiates Qtr. Dividend at 18c/Share; Doubles Buyback to $150M
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Cabot Microelectronics Corporation Announces Initiation of Quarterly Cash Dividend and Increase in Authorized Share Repurchase Program
January 7, 2016 6:00 AM ESTAurora, IL, Jan. 07, 2016 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), the worlds leading supplier of chemical mechanical planarization (CMP) polishing slurries and a growing CMP pad supplier to the semiconductor industry, today announced that its Board of Directors has authorized the initiation of a dividend program under which the company intends to pay regular quarterly cash dividends on its common stock. The companys Board declared an initial quarterly cash dividend of $0.18 per share payable on or about April 15, 2016 to shareholders of record at the close of business on March 17, 2016. The $0.18 dividend would... More
