Cabot Corp (CBT) increases dividend by 8%

On Monday, May 6, 2024, the Board of Directors of Cabot Corporation (NYSE: CBT) declared a quarterly dividend of $0.43 per share, an increase of 8% compared to the current quarterly dividend of $0.40 per share, on all outstanding shares of the Corporation’s common stock. The dividend is payable on June 14, 2024, to stockholders of record at the close of business on May 31, 2024.

“Since 1968, we have remained committed to a continuous and growing dividend,” said Sean Keohane, President, and Chief Executive Officer of Cabot Corporation. “The dividend increase reflects our positive long-term view on our underlying business fundamentals and the Board’s confidence in our ability to generate strong cash flows to fund high-growth investments and return cash to shareholders.”

On an annualized basis, the new dividend rate is $1.72 per share versus $1.60 per share, previously.

Cabot Corp