Trinseo (TSE) Lowers Quarterly Dividend 56.3% to $0.14; 2.3% Yield
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Trinseo Announces Quarterly Dividend of $0.14 Per Share
February 23, 2023 4:20 PM ESTWAYNE, Pa.--(BUSINESS WIRE)-- Trinseo (NYSE: TSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.14 per share, which represents a 56% reduction from the current quarterly dividend of $0.32 per share.
We remain committed to creating long-term value for our shareholders while maintaining a strong financial position. We believe taking the prudent decision to reduce the dividend will preserve liquidity and enable us to continue to invest in growth and sustainability projects through these challenging macroeconomic conditions, said Frank Bozich, Trinseos President and Chief... More
