Minerals Technologies (MTX) Raises Quarterly Dividend 100% to $0.10; 0.8% Yield

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Go back to Minerals Technologies (MTX) Raises Quarterly Dividend 100% to $0.10; 0.8% Yield

Minerals Technologies Announces Increase in Quarterly Dividend and Initiation of New Share Repurchase Program

October 18, 2023 5:06 PM EDT

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI or the Company) today announced an increase of its regular quarterly dividend to $0.10 per share on the Companys common stock. This is an increase of $0.05 per share compared to the prior quarterly dividend. The dividend is payable on December 7, 2023, to stockholders of record at the close of business on November 1, 2023.

In addition, the Board of Directors for MTI has authorized a new, one-year $75 million share repurchase program, effective immediately.

"This dividend increase and new share repurchase program is a... More