On Thursday, May 8, 2014, the Board of Directors of
(NYSE:CBT) declared a quarterly dividend of $0.22 per share on all outstanding shares of the Corporation’s common stock, representing a $0.02 increase per share as compared to the previous quarter. The dividend is payable on June 13, 2014, to stockholders of record at the close of business on May 30, 2014.
Cabot President and CEO Patrick Prevost said, “Cabot has a long history of returning cash to its shareholders through dividends and share repurchases. Cabot's Board of Directors has recently reviewed the Company's dividend policy and I am pleased to announce this ten percent increase in the dividend rate.”
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
cesium formate drilling fluids
. For more information on Cabot, please visit the company’s website at:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.