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Cabot Microelectronics hikes quarterly dividend by 100% to $0.40/share

Published 03/06/2018, 07:58 AM
© Reuters.  Cabot Microelectronics hikes quarterly dividend by 100% to $0.40/share
CCMP
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  • Cabot Microelectronics (NASDAQ:CCMP) declares $0.40/share quarterly dividend, 100% increase from prior dividend of $0.20.
  • Forward yield 1.55%
  • Payable April 30; for shareholders of record March 23; ex-div March 22.
  • The company intends to distribute at least 50% of prior fiscal year FCF on an ongoing basis through a combination of cash dividends and share repurchases.
  • The company plans to distribute $60M in FY18 based on the FY17 FCF of $120M.
  • As of December 31, 2017, the company had approximately $120 million of authorization remaining under its existing share repurchase program


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