Cabot Corporation Board Increases Dividend

BOSTON, May 05, 2025 (GLOBE NEWSWIRE) -- On Monday, May 5, 2025, the Board of Directors of Cabot Corporation $(CBT)$ declared a quarterly dividend of $0.45 per share, an increase of 5% compared to the current quarterly dividend of $0.43 per share, on all outstanding shares of the Corporation's common stock. The dividend is payable on June 13, 2025, to stockholders of record at the close of business on May 30, 2025.

"Today's announcement reflects the Board's confidence in our consistent earnings performance and our ability to generate strong cash flow," said Sean Keohane, President, and Chief Executive Officer of Cabot Corporation. "The dividend increase and the recent share repurchase authorization are tangible actions which demonstrate our commitment to create shareholder value. These actions are aligned with our capital allocation framework which includes returning capital to shareholders while continuing to invest for growth."

On an annualized basis, the new dividend rate is $1.80 per share versus $1.72 per share, previously.

About Cabot Corporation

Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides and aerogel. For more information on Cabot, please visit the company's website at cabotcorp.com. The Company regularly posts important information on its website and encourages investors and potential investors to consult the Cabot website regularly.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024.

 
Contact:     Steve Delahunt 
           Investor Relations 
               (617) 342-6255 
 

(END) Dow Jones Newswires

May 05, 2025 16:26 ET (20:26 GMT)