W.R. Grace & Co. (GRA) Raises Quarterly Dividend 31.3% to $0.21; 1.2% Yield
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Go back to W.R. Grace & Co. (GRA) Raises Quarterly Dividend 31.3% to $0.21; 1.2% Yield
February 8, 2017 6:02 AM EST
COLUMBIA, 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
February 8, 2017 6:00 AM EST
Income 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
