Trinseo (TSE) Declares $0.01 Quarterly Dividend; 0.3% Yield
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Trinseo Announces Quarterly Dividend of $0.01 Per Share
June 15, 2023 8:22 AM EDTWAYNE, Pa.--(BUSINESS WIRE)-- Trinseo (Trinseo or the Company) (NYSE: TSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share.
As announced during the Companys first quarter earnings call, this dividend reduction, along with reductions in working capital and capital expenditures and the Matamoros asset sale, will improve the Companys cash and liquidity profile by more than $100 million in 2023. We remain committed to creating long-term shareholder value, and we believe this decision is prudent given the current low-demand economic environment while enabling... More
