W.R. Grace & Co. (GRA) Raises Quarterly Dividend 31.3% to $0.21; 1.2% Yield
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Grace to Increase Dividend 24 Percent Effective in the First Quarter 2017
February 8, 2017 6:02 AM ESTCOLUMBIA, Md., Feb. 08, 2017 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) announced today that its Board of Directors has approved a 24 percent increase in the company's regular annual cash dividend rate from $0.68 to $0.84 per common share. The increase will be effective starting with the first quarter dividend of $0.21 per common share, which was declared by the Board and is payable on March 23, 2017, to shareholders of record at the close of business on March 1, 2017.
"Grace is committed to growing our dividend for shareholders as part of our balanced capital allocation strategy," said... More
Grace Reports Fourth Quarter and Full-Year 2016 Results
February 8, 2017 6:00 AM ESTIncome from continuing operations attributable to Grace of $12.8 million down 53% and Adjusted EBIT of $118.9 million up 11% for the quarterDiluted EPS from continuing operations of $0.18 down 54% and Adjusted EPS of $0.95 up 32% for the quarterGross margin of 36.7% and Adjusted Gross Margin of 42.8% up 60 bps for the quarterNet cash flow provided by operating activities of $267.5 million and Adjusted Free Cash Flow of $236.0 million for the full yearIncreasing annual cash dividend rate 24% and declaring quarterly cash dividend of $0.21 per share
COLUMBIA,... More
