Kemet Corporation (KEM) Initiates $0.05 Quarterly Dividend; 1.1% Yield

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Go back to Kemet Corporation (KEM) Initiates $0.05 Quarterly Dividend; 1.1% Yield

KEMET Announces Initiating Quarterly Dividend Program

October 30, 2018 7:50 AM EDT

FORT LAUDERDALE, Fla., Oct. 30, 2018 (GLOBE NEWSWIRE) -- KEMET Corporation (KEMET or the Company) (NYSE: KEM), a leading global supplier of passive electronic components, announced today that its board of directors has approved a dividend program under which the company intends to pay a regular quarterly cash dividend to holders of its common stock.

KEMET intends to pay a quarterly dividend of $0.05 per share on its common stock, representing a planned annual dividend of $0.20 per share.  The initial dividend will be payable on November 26, 2018 to shareholders of record as of November 16, 2018.  Future dividends will be subject to... More