Cabot Board Approves Dividend Increase
BOSTON--(BUSINESS WIRE)-- On Friday, May 11, 2012, the Board of Directors of Cabot Corporation (NYSE:CBT), approved an increase of $0.02 per share to the Corporations quarterly dividend, and declared a quarterly dividend of $0.20 per share on all outstanding shares of the Corporations common stock. The dividend is payable on June 15, 2012, to stockholders of record at the close of business on June 1, 2012.
Cabot President and CEO Patrick Prevost said, Cabot has a long history of returning cash to its shareholders through dividends and share repurchases. Cabot's Board of Directors has recently reviewed the Company's dividend policy and I am pleased to announce this eleven percent increase in the dividend rate.
About Cabot Corporation (CBT)
Cabot Corporation, headquartered in Boston, Massachusetts, is a global specialty chemicals and performance materials company. Cabots major products are carbon black, fumed silica, cesium formate drilling fluids, inkjet colorants and aerogels. The Companys website address is: http://www.cabotcorp.com.
Erica McLaughlin, 617-342-6090
Source: Cabot CorporationCopyright Business Wire 2012