Celanese Corporation (NYSE:CE), a global technology and specialty materials company, today announced that its board of directors has approved a 39 percent increase in the company's quarterly common stock cash dividend. The dividend rate increased from $0.18 to $0.25 per share of common stock on a quarterly basis and from $0.72 to $1.00 per share of common stock on an annual basis. The new dividend rate will be applicable immediately.
“Our strong cash flow generation allows us to return more cash to shareholders. Since April 2012 we have more than quadrupled the quarterly dividend rate,” said Mark Rohr, chairman and chief executive officer. “This 39 percent increase in our dividend rate results in a payout ratio of approximately 20 percent, reflecting our continued commitment to shareholder value and balanced capital deployment strategy.”
The company also declared a quarterly cash dividend of $0.25 per share on its Series A common stock, payable on May 16, 2014.
The dividend is payable to stockholders of record as of May 5, 2014.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers and the corporation. Celanese partners with customers to solve their most critical needs while making a positive impact on its communities and the world. Based in Dallas, Texas, Celanese employs approximately 7,400 employees worldwide and had 2013 net sales of $6.5 billion. For more information about Celanese Corporation and its product offerings, visit
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