The Board of Directors of Sensient Technologies Corporation SXT has declared a regular quarterly cash dividend on its common stock of $0.39 per share, an increase of 8.3% per share. The cash dividend will be paid on December 2, 2019, to shareholders of record on November 4, 2019.
"This increase raises our dividend payments to an annualized payout of $1.56 per share and reflects confidence in the future of our business," said Paul Manning, Chairman, President and Chief Executive Officer of Sensient Technologies Corporation. "With this increase, our quarterly dividend has risen by 56% over the past five years."
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty and fine chemicals. The Company's customers include major international manufacturers representing most of the world's best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191017005969/en/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
