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BOSTON, November 12, 2021--(BUSINESS WIRE)--On Friday, November 12, 2021, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.37 per share on all outstanding shares of the Corporation’s common stock. The dividend is payable on December 10, 2021, to stockholders of record at the close of business on November 26, 2021. This represents a 6 percent increase from the previous dividend.
"Our longstanding history of consistently paying dividends for over 50 years is a source of great pride for us, and this decision further affirms our continued commitment to provide value to our shareholders," said Sean Keohane, President and Chief Executive Officer of Cabot Corporation. "The decision to increase the dividend demonstrates the Board’s confidence in our ability to generate strong cash flow to fund high confidence growth investments and return cash to shareholders through a competitive dividend."
On an annualized basis, the new dividend rate is $1.48 per share versus $1.40 per share, previously.
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. These factors are discussed in the reports we file with the Securities and Exchange Commission ("SEC"), particularly under the heading "Risk Factors" in our annual report on Form 10-K and in our subsequent SEC filings filed with the SEC at www.sec.gov.
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