STAMFORD, Conn., July 23, 2018 (GLOBE NEWSWIRE) -- Hexcel Corporation HXL today announced that the Company's Board of Directors has approved a 20 percent increase in the Company's quarterly cash dividend rate (from $0.125 to $0.15 per common share). The dividend declared today is payable on August 10, 2018 to stockholders of record as of August 3, 2018.
"The Board of Directors endorsement of an increased dividend reflects confidence in our ability to consistently deliver strong operating performance and generate increasing free cash flow. Our robust outlook, strong balance sheet and disciplined capital deployment strategy enables us to increase dividends to our stockholders while we continue to invest in technology and capacity to support our growth," said Nick Stanage, Hexcel's Chairman, CEO and President.
Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered core and composite structures, used in commercial aerospace, space and defense and industrial applications.
Contact Information |
Kurt Goddard, Vice President – Investor Relations |
(203) 352-6826 |
Kurt.Goddard@Hexcel.com |
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.