May 8, 2023

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Cabot Corporation, a leading global specialty chemicals and performance materials company, has announced an 8% increase in its quarterly dividend, marking the sixth dividend increase in the last eight years. The Board of Directors declared a dividend of $0.40 per share on all outstanding shares of the Corporation's common stock, payable on June 9, 2023.

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Commitment to Shareholders

Cabot Corporation has a longstanding commitment to returning capital to its shareholders. "For over 50 years, we have consistently paid dividends, which reinforces our commitment to return capital to our shareholders," said Sean Keohane, President and Chief Executive Officer of Cabot Corporation.

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Positive Long-term View

The dividend increase is a reflection of Cabot Corporation's positive long-term view and its ability to generate strong cash flows to fund high-growth investments. According to Sean Keohane, "The dividend increase reflects our positive long-term view and the Board's confidence in our ability to generate strong cash flows to fund high-growth investments and return cash to shareholders through a competitive dividend."

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Annualized Basis

On an annualized basis, the new dividend rate is $1.60 per share, an increase from the previous rate of $1.48 per share.

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Members of LevelFields received the alert of this event on May 8, 8:25 AM ET

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