Cabot increases dividend by 8% to $0.40
- Cabot (NYSE:CBT) declares $0.40/share quarterly dividend, 8.1% increase from prior dividend of $0.37.
- Forward yield 2.24%
- Payable June 9; for shareholders of record May 26; ex-div May 25.
- “For over 50 years, we have consistently paid dividends, which reinforces our commitment to return capital to our shareholders,” said Sean Keohane, President and Chief Executive Officer of Cabot Corporation. “The dividend increase, our sixth in the last eight years, reflects our positive long-term view and the Board’s confidence in our ability to generate strong cash flows to fund high-growth investments and return cash to shareholders through a competitive dividend.”