Consumables

Celanese Corporation Increases Dividend 39 Percent and Declares Quarterly Dividend

Monday 28. April 2014 - Annual Dividend Now $1.00 Per Share

Celanese Corporation (NYSE:CE), a global technology and specialty materials company, today announced that its board of directors has approved a 39 percent increase in the company’s quarterly common stock cash dividend. The dividend rate increased from $0.18 to $0.25 per share of common stock on a quarterly basis and from $0.72 to $1.00 per share of common stock on an annual basis. The new dividend rate will be applicable immediately.
“Our strong cash flow generation allows us to return more cash to shareholders. Since April 2012 we have more than quadrupled the quarterly dividend rate,” said Mark Rohr, chairman and chief executive officer. “This 39 percent increase in our dividend rate results in a payout ratio of approximately 20 percent, reflecting our continued commitment to shareholder value and balanced capital deployment strategy.”
The company also declared a quarterly cash dividend of $0.25 per share on its Series A common stock, payable on May 16, 2014.
The dividend is payable to stockholders of record as of May 5, 2014.