Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable on November 14, 2022 to stockholders of record as of October 31, 2022.
The board of directors of Celanese has approved a 3 percent increase in the company’s quarterly common stock cash dividend which increases the quarterly dividend from $0.68 to $0.70 per share of common stock.
“We have a decade-long history, which our shareholders value, of annual growth in the dividends paid per share across each year,” said Lori Ryerkerk, chairman and chief executive officer. “On a full year basis, this increase in the quarterly dividend represents an additional cash commitment of less than $10 million on current shares outstanding. This increase in the quarterly dividend is consistent with what was contemplated in the deleveraging plan which we outlined when we announced the acquisition of Mobility & Materials.”
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